Central Pacific Financial (CPF) 10-K 23 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Jan. 29, 2021	Jun. 30, 2020
Document and Entity Information
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-31567
Entity Incorporation, State or Country Code	HI
Entity Tax Identification Number	99-0212597
Entity Address, Address Line One	220 South King Street
Entity Address, City or Town	Honolulu
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	544-0500
Entity Address, State or Province	HI
Entity Registrant Name	Central Pacific Financial Corp.
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		28,183,340
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 438,719,000
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	CPF
Security Exchange Name	NYSE
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant’s proxy statement for the 2021 annual meeting of shareholders are incorporated by reference into Part III of this annual report on Form 10-K to the extent stated herein. The proxy statement will be filed within 120 days after the end of the fiscal year covered by this annual report on Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from financial institutions	$ 97,546,000	$ 78,418,000
Interest-bearing deposits in other financial institutions	6,521,000	24,554,000
Investment securities:
Available-for-sale debt securities, at fair value	1,182,609,000	1,126,983,000
Equity securities, at fair value	1,351,000	1,127,000
Total investment securities	1,183,960,000	1,128,110,000
Loans held for sale	16,687,000	9,083,000
Loans	4,964,113,000	4,449,540,000
Allowance for credit losses	(83,269,000)	(47,971,000)
Loans, net of allowance for credit losses	4,880,844,000	4,401,569,000
Premises and equipment, net	65,278,000	46,343,000
Accrued interest receivable	20,224,000	16,500,000
Investment in unconsolidated subsidiaries	29,968,000	17,115,000
Other real estate owned, net	0	164,000
Mortgage servicing rights, net	11,865,000	14,718,000
Bank-owned life insurance	163,161,000	159,656,000
Federal Home Loan Bank ("FHLB") stock	8,237,000	14,983,000
Right-of-use lease asset	45,857,000	52,348,000
Other assets	64,435,000	49,111,000
Total assets	6,594,583,000	6,012,672,000
Deposits:
Noninterest-bearing demand	1,790,269,000	1,450,532,000
Interest-bearing demand	1,174,888,000	1,043,010,000
Savings and money market	1,932,043,000	1,600,028,000
Time	898,918,000	1,026,453,000
Total deposits	5,796,118,000	5,120,023,000
FHLB advances and other short-term borrowings	22,000,000	150,000,000
Long-term debt	105,385,000	101,547,000
Lease liability	47,191,000	52,632,000
Other liabilities	77,156,000	59,950,000
Total liabilities	6,047,850,000	5,484,152,000
Equity:
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding none at: December 31, 2020, and December 31, 2019	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 28,183,340 at December 31, 2020 and 28,289,257 at December 31, 2019	442,635,000	447,602,000
Additional paid-in capital	94,842,000	91,611,000
Accumulated deficit	(10,920,000)	(19,102,000)
Accumulated other comprehensive income	20,128,000	8,409,000
Total shareholders' equity	546,685,000	528,520,000
Non-controlling interest	48,000	0
Total equity	546,733,000	528,520,000
Total liabilities and equity	$ 6,594,583,000	$ 6,012,672,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares	185,000,000	185,000,000
Common stock, issued shares	28,183,340	28,289,257
Common stock, outstanding shares	28,183,340	28,289,257

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income:
Interest and fees on loans	$ 186,129	$ 182,657	$ 159,456
Interest and dividends on investment securities:
Taxable investment securities	23,302	29,454	34,501
Tax-exempt investment securities	2,392	3,044	3,696
Dividend income on investment securities	69	63	61
Interest on deposits in other financial institutions	46	201	365
Dividend income on FHLB stock	480	964	215
Total interest income	212,418	216,383	198,294
Interest on deposits:
Demand	510	800	734
Savings and money market	2,416	5,100	2,000
Time	7,489	18,044	16,770
Interest on short-term borrowings	718	4,285	1,236
Interest on long-term debt	3,602	4,080	4,556
Total interest expense	14,735	32,309	25,296
Net interest income	197,683	184,074	172,998
Provision (credit) for credit losses	39,117	6,317	(1,124)
Net interest income after provision for credit losses	158,566	177,757	174,122
Other operating income:
Mortgage banking income	13,682	6,685	8,062
Service charges on deposit accounts	6,234	8,406	8,406
Other service charges and fees	14,867	15,113	14,028
Income from fiduciary activities	4,829	4,395	4,245
Income from bank-owned life insurance	3,803	3,105	2,117
Net loss on sales of foreclosed assets	(15)	(145)	0
Equity in earnings of unconsolidated subsidiaries	415	257	233
Net gains (losses) on sales of investment securities	(201)	36	(279)
Other	1,584	3,949	1,992
Total other operating income	45,198	41,801	38,804
Other operating expense:
Salaries and employee benefits	85,101	82,290	75,352
Net occupancy	15,162	14,299	13,763
Legal and professional services	9,035	7,354	7,330
Computer software expense	12,717	10,812	9,841
Amortization of core deposit premium	6,167	2,460	3,865
Communication expense	3,225	3,551	3,410
Equipment	4,531	4,353	4,239
Advertising expense	3,791	2,661	2,675
Foreclosed asset expense	71	251	574
Other	21,098	16,060	15,492
Total other operating expense	154,731	141,631	134,682
Income before income taxes	49,033	77,927	78,244
Income tax expense	11,760	19,605	18,758
Net income	$ 37,273	$ 58,322	$ 59,486
Per common share data:
Basic earnings per share (in dollars per share)	$ 1.33	$ 2.05	$ 2.02
Diluted earnings per share (in dollars per share)	1.32	2.03	2.01
Cash dividends declared (in dollars per share)	$ 0.92	$ 0.90	$ 0.82
Core Deposit Premium
Other operating expense:
Amortization of core deposit premium	$ 0	$ 0	$ 2,006

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 37,273	$ 58,322	$ 59,486
Other comprehensive income (loss), net of tax:
Net change in unrealized gain (loss) on investment securities	11,826	27,568	(14,122)
Defined benefit plans	(107)	34	1,043
Total other comprehensive income (loss), net of tax	11,719	27,602	(13,079)
Comprehensive income	$ 48,992	$ 85,924	$ 46,407

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total	Impact of adoption of new accounting standards		Adjusted balance at beginning of period	Common shares outstanding	Common shares outstandingAdjusted balance at beginning of period	Common Stock	Common StockAdjusted balance at beginning of period	Surplus	SurplusAdjusted balance at beginning of period	Accumulated Deficit	Accumulated DeficitImpact of adoption of new accounting standards		Accumulated DeficitAdjusted balance at beginning of period	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Impact of adoption of new accounting standards		Accumulated Other Comprehensive Income (Loss)Adjusted balance at beginning of period	Non-Controlling Interests	Non-Controlling InterestsAdjusted balance at beginning of period
Balance at Dec. 31, 2017		$ 500,035	$ 0	[1]	$ 500,035			$ 503,988	$ 503,988	$ 86,098	$ 86,098	$ (89,036)	$ 139	[1]	$ (88,897)	$ (1,039)	$ (139)	[1]	$ (1,178)	$ 24	$ 24
Balance (in shares) at Dec. 31, 2017						30,024,222	30,024,222
Increase (Decrease) in Shareholders' Equity
Impact of adoption of new accounting standards	[2]	0										1,836				(1,836)
Net income		59,486										59,486
Other comprehensive income (loss)		(13,079)														(13,079)
Cash dividends		(24,143)										(24,143)
Common stock purchased by directors' deferred compensation plan		(504)						(504)
Common stock repurchased and other related costs		(32,824)						(32,824)
Common stock repurchased and other related costs (in shares)						(1,155,157)
Share-based compensation		2,778								2,778
Share-based compensation (in shares)						98,650
Non-controlling interest		(24)																		(24)
Balance at Dec. 31, 2018		491,725	(3,100)	[3]	488,625			470,660	470,660	88,876	88,876	(51,718)	0	[3]	(51,718)	(16,093)	(3,100)	[3]	(19,193)	0	0
Balance (in shares) at Dec. 31, 2018						28,967,715
Increase (Decrease) in Shareholders' Equity
Outstanding adjusted shares (in shares)						28,967,715
Net income		58,322										58,322
Other comprehensive income (loss)		27,602														27,602
Cash dividends		(25,706)										(25,706)
Common stock purchased by directors' deferred compensation plan		(416)						(416)
Common stock repurchased and other related costs		(22,793)						(22,793)
Common stock repurchased and other related costs (in shares)						(797,003)
Share-based compensation		2,886						151		2,735
Share-based compensation (in shares)						118,545
Balance at Dec. 31, 2019		$ 528,520	$ (3,156)	[4]	$ 525,364			447,602	$ 447,602	91,611	$ 91,611	(19,102)	$ (3,156)	[4]	$ (22,258)	8,409	$ 0	[4]	$ 8,409	0	$ 0
Balance (in shares) at Dec. 31, 2019		28,289,257				28,289,257
Increase (Decrease) in Shareholders' Equity
Outstanding adjusted shares (in shares)						28,289,257
Net income		$ 37,273										37,273
Other comprehensive income (loss)		11,719														11,719
Cash dividends		(25,935)										(25,935)
Common stock purchased by directors' deferred compensation plan		(218)						(218)
Common stock repurchased and other related costs		(4,749)						(4,749)
Common stock repurchased and other related costs (in shares)						(206,802)
Share-based compensation		3,231						0		3,231
Share-based compensation (in shares)						100,885
Non-controlling interest		48																		48
Balance at Dec. 31, 2020		$ 546,733						$ 442,635		$ 94,842		$ (10,920)				$ 20,128				$ 48
Balance (in shares) at Dec. 31, 2020		28,183,340				28,183,340
[1]	Represents the impact of the adoption of Accounting Standards Update ("ASU") ASU 2016-01.
[2]	Represents the impact of the adoption of ASU 2018-02.
[3]	Represents the impact of the adoption of ASU 2017-12.
[4]	Represents the impact of the adoption of ASU 2016-13.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.92	$ 0.90	$ 0.82
Common stock purchased by directors' deferred compensation plan (in shares)	13,000	14,600	16,950

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income	$ 37,273	$ 58,322	$ 59,486
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	39,117	6,317	(1,124)
Depreciation and amortization of premises and equipment	6,223	6,139	6,288
Loss on sale of premises and equipment	839	0	0
Non-cash lease expense	1,051	284	0
Cash flows from operating leases	(6,371)	(6,230)	0
Amortization of mortgage servicing rights and core deposit premium	6,167	2,460	3,865
Write down of other real estate, net of loss (gain) on sale	79	252	431
Net amortization and accretion of premium/discounts on investment securities	9,905	9,271	10,907
Share-based compensation expense	3,231	2,735	2,778
Net loss (gain) on sales of investment securities	201	(36)	279
Net gain on sales of residential mortgage loans	(16,043)	(4,128)	(4,085)
Proceeds from sales of loans held for sale	418,381	207,686	240,137
Origination of loans held for sale	(409,942)	(205,994)	(226,363)
Equity in earnings of unconsolidated subsidiaries	(415)	(257)	(233)
Distributions from unconsolidated subsidiaries	330	246	685
Net increase in cash surrender value of bank-owned life insurance	(5,845)	(3,259)	(2,248)
Deferred income tax expense (benefit)	(13,087)	(3,965)	7,874
Net tax benefits (expense) from share-based compensation	(258)	253	144
Net change in other assets and liabilities	5,956	2,096	4,665
Net cash provided by operating activities	76,792	72,192	103,486
Cash flows from investing activities:
Proceeds from maturities of and calls on available-for-sale investment securities	351,180	252,079	143,876
Proceeds from sales of available-for-sale investment securities	180,103	53,935	10,014
Purchases of available-for-sale investment securities	(581,008)	(55,011)	(85,366)
Redemption of MasterCard Class B common stock	0	2,555	0
Proceeds from maturities of and calls on held-to-maturity investment securities	0	0	42,722
Loan (originations) and payments, net	(479,619)	(237,493)	(250,188)
Purchases of loan portfolios	(53,158)	(140,085)	(58,564)
Proceeds from sales of loans originated for investment	10,691	0	0
Proceeds from sales of foreclosed loans and other real estate	213	140	46
Proceeds from bank-owned life insurance death benefits	2,340	1,043	1,101
Purchases of premises and equipment	(25,997)	(7,197)	(3,225)
Distributions from unconsolidated subsidiaries	0	622	622
Contributions to unconsolidated subsidiaries	(8,437)	(1,222)	(3,297)
Proceeds from redemption (purchases) of FHLB stock	6,746	1,662	(8,884)
Net cash used in investing activities	(596,946)	(128,972)	(211,143)
Cash flows from financing activities:
Net increase (decrease) in deposits	676,095	173,533	(9,864)
Proceeds from long-term debt	119,782	0	50,000
Repayments of long-term debt	115,944	20,619	20,619
Net (decrease) increase in FHLB advances and other short-term borrowings	(128,000)	(47,000)	165,000
Cash dividends paid on common stock	(25,935)	(25,706)	(24,143)
Repurchases of common stock	(4,749)	(22,793)	(32,824)
Net proceeds from issuance of common stock and stock option exercises	0	151	0
Net cash provided by financing activities	521,249	57,566	127,550
Net increase (decrease) in cash and cash equivalents	1,095	786	19,893
Cash and cash equivalents:
At beginning of year	102,972	102,186	82,293
At end of year	104,067	102,972	102,186
Cash paid during the year for:
Interest	17,296	33,072	23,943
Income taxes	20,044	24,101	23
Supplemental non-cash disclosures:
Net change in common stock held by directors' deferred compensation plan	218	416	504
Net reclassification of loans to foreclosed loans and other real estate	128	142	40
Net transfer of portfolio loans to loans held for sale	6,565	0	0
Net transfer of investment securities from held-to-maturity to available-for-sale	0	(149,042)	0
Right-of-use lease assets obtained in exchange for lease liabilities	$ 0	$ 56,779	$ 0

RESERVE REQUIREMENTS

RESERVE REQUIREMENTS	12 Months Ended
	Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract]
RESERVE REQUIREMENTS	2. RESERVE REQUIREMENTS On March 15, 2020, the Federal Reserve Board announced a reduction in the reserve requirement ratios on deposits to zero percent effective March 26, 2020 to support lending activity. As a result, the bank is no longer required to hold reserves on deposits. Balances held by our bank at the Federal Reserve Bank of San Francisco at December 31, 2020 and 2019 were $80.7 million and $58.7 million, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Central Pacific Financial Corp. is a bank holding company. Our principal operating subsidiary, Central Pacific Bank, is a full-service commercial bank with 31 branches and 69 ATMs located throughout the state of Hawaii. The bank engages in a broad range of lending activities including originating commercial loans, commercial and residential mortgage loans, home equity loans and consumer loans. The bank also offers a variety of deposit products and services. These include personal and business checking and savings accounts, money market accounts and time certificates of deposit. Other products and services include debit cards, internet banking, mobile banking, cash management services, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange and wire transfers. Wealth management products and services include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation and planning services. When we refer to "the Company," "we," "us" or "our," we mean Central Pacific Financial Corp. and Subsidiaries (consolidated). When we refer to "Central Pacific Financial Corp." or to the holding company, we are referring to the parent company on a standalone basis. When we refer to "our bank" or "the bank," we mean "Central Pacific Bank." The banking business depends on rate differentials, the difference between the interest rates paid on deposits and other borrowings and the interest rates received on loans extended to customers and investment securities held in our portfolio. These rates are highly sensitive to many factors that are beyond our control. Accordingly, the earnings and growth of the Company are subject to the influence of domestic and foreign economic conditions, including inflation, recession and unemployment. Change in Operating Segments and Reclassifications In the first quarter of 2020, the Company reassessed the alignment of its reportable segments and combined its three reportable segments (Banking Operations, Treasury and All Others segments) into a single operating segment. We believe this change better reflects how the Company's Executive Committee, or its chief operating decision maker ("CODM"), manages, allocates resources and assesses performance of the activities of the Company. The Company also believes that this change is better aligned with how the Company's CODM manages its business. Segment results for 2019 have been reclassified to reflect the realignment of the Company’s reportable segments and be comparable to the segment results for 2020. This change in reportable segments did not have an impact on the Company's previously reported historical consolidated financial statements. Reclassifications Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation. These reclassifications did not impact net income, the consolidated balance sheets and the consolidated statements of cash flows. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In January 2020, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, Oahu HomeLoans, LLC. The bank concluded that the investment meets the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." The bank also concluded that the entity meets the definition of a variable interest entity and that we are the primary beneficiary of the variable interest entity. Accordingly, the investment has been consolidated into our financial statements. We have 50% ownership interests in three other mortgage loan origination and brokerage companies which are accounted for using the equity method and are included in investment in unconsolidated subsidiaries: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. We also had a 50% ownership in Pacific Access Mortgage, LLC, which was terminated in 2017, and final payment of taxes and distributions to members was made in March 2018. We have low income housing tax credit partnership investments that are accounted for under the proportional amortization method and are included in investment in unconsolidated subsidiaries. We also have non-controlling equity investments in affiliates that are accounted for under the cost method and are also included in investment in unconsolidated subsidiaries. Our investments in unconsolidated subsidiaries accounted for under the equity, proportional amortization and cost methods were $0.3 million, $28.1 million and $1.6 million, respectively, at December 31, 2020 and $0.2 million, $15.3 million and $1.6 million, respectively, at December 31, 2019. Our policy for determining impairment of these investments includes an evaluation of whether a loss in value of an investment is other than temporary. Evidence of a loss in value includes absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. We perform impairment tests whenever indicators of impairment are present. If the value of an investment declines and it is considered other than temporary, the investment is written down to its respective fair value in the period in which this determination is made. The Company sponsors the Central Pacific Bank Foundation, which is not consolidated in the Company's financial statements. Risks and Uncertainties COVID-19 Pandemic In December 2019, a novel strain of coronavirus (“COVID-19”) was reported to have surfaced in Wuhan, China, and has since spread across the globe. In March 2020, the World Health Organization declared COVID-19 a global pandemic and the United States declared a National Public Health Emergency. The COVID-19 pandemic has severely impacted the level of economic activity in the local, national and global economies and financial markets. The pandemic has resulted in temporary closures of many businesses and the institution of social distancing and sheltering in place requirements in many states and communities. The Company and its customers have been adversely affected by the COVID-19 pandemic. The full extent to which the COVID - 19 pandemic negatively impacts the Company's business, results of operations, and financial condition, as well as its regulatory capital and liquidity ratios, is unknown at this time and will depend on future developments, including the scope and duration of the pandemic, effectiveness of vaccines, and actions taken by governmental authorities and other third parties in response to the pandemic. If the pandemic continues to be sustained, it may further adversely impact the Company and the State of Hawaii and impair the ability of the Company's customers to fulfill their contractual obligations to the Company. This could cause the Company to experience a material adverse effect on its business operations, asset valuations, financial condition, and results of operations. Material adverse effects may include all or a combination of losses in operations, higher provisions for credit losses and valuation impairments on the Company's investments, loans, mortgage servicing rights, deferred tax assets, or counter-party risk derivatives. Use of Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States ("GAAP") requires management to make estimates and assumptions that reflect the reported amounts of assets and liabilities and disclosures of contingent assets and contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance and provision for credit losses, reserve for credit losses on off-balance sheet credit exposures, deferred income tax assets and income tax expense, valuation of investment securities, mortgage servicing rights and the related amortization thereon, pension liability and the fair value of certain financial instruments. Cash and Cash Equivalents Cash and cash equivalents include cash and due from financial institutions, interest-bearing deposits in other financial institutions, federal funds sold and all highly liquid investments with maturities of three months or less at the time of purchase. Net cash flows are reported for customer loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements. Investment Securities Investments in debt securities are designated as trading, available-for-sale ("AFS"), or held-to-maturity ("HTM"). Investments in debt securities are designated as HTM only if we have the positive intent and ability to hold these securities to maturity. HTM securities are reported at amortized cost in the consolidated balance sheets. Trading securities are reported at fair value, with changes in fair value included in net income. Debt securities not classified as HTM or trading are classified as AFS and are reported at fair value, with net unrealized gains and losses, net of applicable taxes, excluded from net income and included in accumulated other comprehensive income (loss) ("AOCI"). Equity securities with readily determinable fair values are carried at fair value, with changes in fair value included in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. The Company classifies its investment securities portfolio into the following major security types: mortgage-backed securities ("MBS"), other debt securities and equity securities. The Company’s MBS portfolio is comprised primarily of residential MBS issued by United States of America ("U.S.") government entities and agencies. These securities are either explicitly or implicitly guaranteed by an agency of the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The remainder of the MBS portfolio are commercial MBS issued by U.S government entities and agencies (which there is no minimum credit rating), non-agency residential MBS (which shall meet a minimum credit rating of AAA) and non-agency commercial MBS (which shall meet a minimum credit rating of BBB and meet minimum internal credit guidelines). The Company’s other debt securities portfolio is comprised of obligations issued by U.S. government entities and agencies, obligations issued by states and political subdivisions (which shall meet a minimum credit rating of BBB), and corporate bonds (which shall meet a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums to the earliest call date. We accrete discounts associated with investment securities using the effective interest method over the life of the respective security instrument. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on non-accrual status is reversed against current period interest income. There were no investment securities on nonaccrual status as of December 31, 2020 and the Company did not reverse any accrued interest against interest income during the year ended December 31, 2020. Allowance for Credit Losses (“ACL”) for AFS Debt Securities AFS debt securities in an unrealized loss position are evaluated for impairment at least quarterly. For AFS debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision (credit) for credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of December 31, 2020, the declines in market values of our AFS debt securities were primarily attributable to changes in interest rates and volatility in the financial markets. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, we do not believe a credit loss exists and an ACL was not recorded. The Company has made a policy election to exclude accrued interest receivable from the amortized cost basis of debt securities and report accrued interest receivable together with accrued interest on loans in the consolidated balance sheets. Accrued interest receivable on AFS debt securities totaled $3.9 million and $4.3 million as of December 31, 2020 and 2019, respectively. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. Accrued interest on HTM debt securities is reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. The Company did not have any HTM debt securities as of December 31, 2020. Loans Held for Sale Loans held for sale consists of the following two types: (1) Hawaii residential mortgage loans that are originated with the intent to sell them in the secondary market and (2) non-residential mortgage loans in both Hawaii and the U.S. Mainland that were originated with the intent to be held in our portfolio but were subsequently transferred to the held for sale category. Hawaii residential mortgage loans classified as held for sale are carried at the lower of cost or fair value on an aggregate basis, while the non-residential Hawaii and U.S. Mainland loans are recorded at the lower of cost or fair value on an individual basis. Net fees and costs associated with originating and acquiring the Hawaii residential mortgage loans held for sale are deferred and included in the basis for determining the gain or loss on sales of loans held for sale. We report the fair values of the non-residential mortgage loans classified as held for sale net of applicable selling costs on our consolidated balance sheets. Loans originated with the intent to be held in our portfolio are subsequently transferred to held for sale when our intent to hold for the foreseeable future has changed. At the time of a loan's transfer to the held for sale account, the loan is recorded at the lower of cost or fair value. Any reduction in the loan's value is reflected as a write-down of the recorded investment resulting in a new cost basis, with a corresponding reduction in the allowance for credit losses. In subsequent periods, if the fair value of a loan classified as held for sale is less than its cost basis, a valuation adjustment is recognized in our consolidated statement of income in other operating expense and the carrying value of the loan is adjusted accordingly. The valuation adjustment may be recovered in the event that the fair value increases, which is also recognized in our consolidated statement of income in other operating expense. The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. Collateral values are determined based on appraisals received from qualified valuation professionals and are obtained periodically or when indicators that property values may be impaired are present. We sell residential mortgage loans under industry standard contractual provisions that include various representations and warranties, which typically cover ownership of the loan, compliance with loan criteria set forth in the applicable agreement, validity of the lien securing the loan, and other similar matters. We may be required to repurchase certain loans sold with identified defects, indemnify the investor, or reimburse the investor for any credit losses incurred. Our repurchase risk generally relates to early payment defaults and borrower fraud. We establish residential mortgage repurchase reserves to reflect this risk based on our estimate of losses after considering a combination of factors, including our estimate of future repurchase activity and our projection of estimated credit losses resulting from repurchased loans. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $16.2 million and $12.0 million at December 31, 2020 and 2019, respectively, and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of Accounting Standards Update ("ASU") 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” the Company made the accounting policy election to not measure an estimate of credit losses on accrued interest receivable as the Company writes off any uncollectible accrued interest receivable in a timely manner. The Company believes COVID-19 modified loans have distinct risk characteristics that cause them to be monitored and assessed for credit risk differently than their unmodified counterparts. Thus, in the third quarter of 2020, the Company elected to reserve on the accrued interest receivable for loans on active payment forbearance or deferral. As a result, during the third quarter of 2020, the Company recorded a reserve of $0.2 million against accrued interest receivable with the offset recorded to provision for credit losses. The reserve remained unchanged at December 31, 2020 and will be reassessed quarterly. Nonaccrual Loans The Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. Loans are generally placed on nonaccrual status when principal and/or interest payments are 90 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. In December 2020, the Consolidated Appropriations Act, 2021 was signed into law. Section 541 of this legislation, “Extension of Temporary Relief From Troubled Debt Restructurings and Insurer Clarification,” extends Section 4013 of the CARES Act to the earlier of January 1, 2022 or 60 days after the termination of the national emergency declared relating to COVID-19. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast for its economic forecast consideration. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry and is reasonable and supportable. It is updated at least monthly and includes a variety of upside and downside economic scenarios from the Baseline. Generally the Company will use the most recent Baseline forecast from Moody’s as of the balance sheet date. During times of economic and market volatility or instability, the Company may include a qualitative factor for forecast imprecision that factors in other potential economic scenarios available by Moody’s Analytics or may apply overrides to its statistical models to enhance the reasonableness of its loss estimates. The ACL is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by Federal Financial Institutions Examination Council ("FFIEC") Call Report codes. Loan pools are further segmented by risk utilizing risk ratings or bands of payment delinquency (including TDR or non-accrual status), depending on what is most appropriate for each segment. Additional sub-segmentation may be utilized to identify groups of loans with unique risk characteristics relative to the rest of the portfolio. The Company relies on a third-party platform which offers multiple methodologies to measure historical life-of-loan losses. The Company has also developed statistical models internally to incorporate future economic conditions and forecast expected credit losses based on various macro-economic indicators such as unemployment and income levels. The Company has identified the following portfolio segments to measure the allowance for credit losses. For all segments the economic forecast length is one year and reversion method is one year. Loan Segment Historical Lifetime Loss Method Historical Economic Reversion Method Construction Probability of Default/Loss Given Default ("PD/LGD") 2008-Present One Year One Year (straight-line basis) Commercial real estate Loss-Rate Migration 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural Loss-Rate Migration 2008-Present Home equity lines of credit Loss-Rate Migration 2008-Present Residential mortgage Loss-Rate Migration 2008-Present Con

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES A summary of our available-for-sale investment securities as of December 31, 2020 and 2019 are as follows: (Dollars in thousands) Amortized Gross Gross Fair ACL December 31, 2020 Available-for-Sale: Debt securities: States and political subdivisions $ 163,573 $ 5,370 $ (177) $ 168,766 $ — Corporate securities 47,351 788 (131) 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,413 18 (286) 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 762,309 16,816 (299) 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 22,671 786 (34) 23,423 — Commercial - U.S. GSEs and agencies 85,405 2,564 (500) 87,469 — Commercial - Non-GSEs 41,309 1,663 — 42,972 — Total available-for-sale investment securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 $ — Equity securities $ 1,068 $ 283 $ — $ 1,351 — (Dollars in thousands) Amortized Gross Gross Fair December 31, 2019 Available-for-Sale: Debt securities: States and political subdivisions $ 119,755 $ 2,303 $ (40) $ 122,018 Corporate securities 30,277 252 — 30,529 U.S. Treasury obligations and direct obligations of U.S Government agencies 40,769 10 (398) 40,381 Mortgage-backed securities: Residential - U.S. GSEs 673,918 6,003 (2,099) 677,822 Residential - Non-GSEs 36,377 830 (16) 37,191 Commercial - U.S. GSEs and agencies 80,773 1,198 (746) 81,225 Commercial - Non-GSEs 134,676 3,141 — 137,817 Total available-for-sale investment securities $ 1,116,545 $ 13,737 $ (3,299) $ 1,126,983 Equity securities $ 935 $ 192 $ — $ 1,127 The amortized cost and fair value of our equity investment securities is as follows: (Dollars in thousands) Amortized Cost Fair Value December 31, 2020 Equity securities $ 1,068 $ 1,351 December 31, 2019 Equity securities 935 1,127 On January 1, 2019 in conjunction with the adoption of ASU 2017-12, the Company transferred all of its held-to-maturity investment securities with an amortized cost of $148.5 million and fair value of $144.3 million to its available-for-sale investment securities portfolio. The amortized cost and estimated fair value of our investment securities at December 31, 2020 by contractual maturity are shown below. Actual maturities may differ from contractual maturities as issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2020 (Dollars in thousands) Amortized Cost Fair Value Available-for-Sale: Due in one year or less $ 17,491 $ 17,639 Due after one year through five years 32,863 33,965 Due after five years through ten years 93,241 95,862 Due after ten years 100,742 102,453 Mortgage-backed securities Residential - U.S. GSEs 762,309 778,826 Residential - Non-GSEs 22,671 23,423 Commercial - U.S. GSEs and agencies 85,405 87,469 Commercial - Non-GSEs 41,309 42,972 Total available-for-sale investment securities $ 1,156,031 $ 1,182,609 Equity securities $ 1,068 $ 1,351 In 2020, proceeds from the sale of available-for-sale investment securities were $180.1 million and resulted in a net realized loss of $0.2 million. Gross realized losses and gains on the sale of available-for-sale investment securities totaled $0.9 million and $0.7 million, respectively. In 2019, proceeds from the sale of available-for-sale investment securities were $53.9 million and resulted in a net realized gain of $36 thousand. Gross realized gains and losses on the sale of available-for-sale investment securities totaled $83 thousand and $47 thousand, respectively. Investment securities of $483.6 million and $719.8 million at December 31, 2020 and 2019, respectively, were pledged to secure public funds on deposit and other long-term and short-term borrowings. At December 31, 2020 and 2019, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders' equity. There were a total of 37 and 81 securities in an unrealized or unrecognized loss position at December 31, 2020 and 2019, respectively. The following table summarizes securities which were in an unrealized or unrecognized loss position at December 31, 2020 and 2019, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) Corporate securities 4,869 (131) — — 4,869 (131) U.S. Treasury obligations and direct obligations of U.S Government agencies 5,980 (24) 20,925 (262) 26,905 (286) Mortgage-backed securities: Residential - U.S. GSEs 76,402 (299) — — 76,402 (299) Residential - Non-GSEs 989 (34) — — 989 (34) Commercial - U.S. GSEs and agencies 16,977 (500) — — 16,977 (500) Total temporarily impaired securities $ 126,530 $ (1,165) $ 20,925 $ (262) $ 147,455 $ (1,427) Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2019 Debt securities: States and political subdivisions $ 1,754 $ (9) $ 801 $ (31) $ 2,555 $ (40) U.S. Treasury obligations and direct obligations of U.S Government agencies 18,882 (143) 19,031 (255) 37,913 (398) Mortgage-backed securities: Residential - U.S. GSEs 54,335 (283) 214,295 (1,816) 268,630 (2,099) Residential - Non-GSEs 8,206 (16) — — 8,206 (16) Commercial - U.S. GSEs and agencies 32,067 (746) — — 32,067 (746) Total temporarily impaired securities $ 115,244 $ (1,197) $ 234,127 $ (2,102) $ 349,371 $ (3,299) The Company has evaluated its AFS investment securities that are in an unrealized loss position and has determined that the unrealized losses on the Company's investment securities are unrelated to credit quality and are primarily attributable to changes in interest rates and volatility in the financial markets since purchase. Investment securities in an unrealized loss position are evaluated on at least a quarterly basis, and include evaluating the changes in the investment securities' ratings issued by rating agencies and changes in the financial condition of the issuer. For mortgage-related securities, delinquency and loss information with respect to the underlying collateral, changes in levels of subordination for the Company's particular position within the repayment structure, and remaining credit enhancement as compared to projected credit losses of the security are also evaluated. All of the investment securities in an unrealized loss position continue to be rated investment grade by one or more major rating agencies. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, the Company has not recorded an ACL and unrealized losses on these securities and have not been recognized into income. Visa and MasterCard Class B Common Stock As of December 31, 2020, the Company owns 34,631 shares of Class B common stock of Visa, Inc. ("Visa"). These shares were received in 2008 as part of Visa's initial public offering ("IPO"). These shares are transferable only under limited circumstances until they can be converted into shares of the publicly traded Class A common stock. This conversion will not occur until the resolution of certain litigation, which is indemnified by Visa members. Since its IPO, Visa has funded a litigation reserve to settle these litigation claims. At its discretion, Visa may continue to increase the litigation reserve based upon a change in the conversion ratio of each member bank’s restricted Class B common stock to unrestricted Class A common stock. Due to the existing transfer restriction and the uncertainty of the outcome of the Visa litigation, the Company has determined that the Visa Class B common stock does not have a readily determinable fair value and chooses to carry the shares on the Company's consolidated balance sheets at zero cost basis. During the first quarter of 2019, the Company converted the 11,170 shares of Class B common stock of MasterCard, Inc. ("MasterCard") it received during their initial public offering to an equal number of Class A common stock and sold the shares for $2.6 million. The shares were carried on the Company's consolidated balance sheets at zero cost basis and the proceeds received were recorded as a gain in other operating income - other in the Company's consolidated statements of income. The Company no longer owns any shares of MasterCard Class B common stock.

LOANS AND LEASES

LOANS AND LEASES	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
LOANS AND LEASES	4. LOANS Loans, excluding loans held for sale, net of ACL under ASC 326 as of December 31, 2020 and loans, excluding loans held for sale, net of ACL under previous GAAP as December 31, 2019 consisted of the following: December 31, (Dollars in thousands) 2020 2019 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program ("SBA PPP") $ 425,993 $ — Other 545,136 570,089 Real estate: Construction 125,625 96,139 Residential mortgage 1,687,251 1,595,801 Home equity 550,216 490,239 Commercial mortgage 1,158,203 1,124,911 Consumer 479,580 569,516 Subtotal 4,972,004 4,446,695 Net deferred (fees) costs (7,891) 2,845 Total loans $ 4,964,113 $ 4,449,540 There are different types of risk characteristics for the loans in each portfolio segment. The construction and real estate segment's predominant risk characteristics are the collateral and the geographic location of the property collateralizing the loan, as well as the operating cash flow for the commercial real estate properties. The commercial, financial and agricultural segment's predominant risk characteristics are the cash flows of the business we lend to, the global cash flows and liquidity of the guarantors of such losses, as well as economic and market conditions. The consumer segment's predominant risk characteristics are employment and income levels as they relate to the consumer. The bank is a Small Business Administration ("SBA") approved lender and actively participated in assisting customers with loan applications for the SBA’s Paycheck Protection Program, or PPP, which was part of the CARES Act. PPP loans have a two five From April 3, 2020, the date the SBA began accepting submissions for the initial round of PPP loans through the end of the program in August 2020, the Company funded over 7,200 PPP loans totaling over $558 million and received gross processing fees of over $21 million. The Company has developed a PPP forgiveness portal and has begun the process of assisting our customers with applying for forgiveness from the SBA. The Company has engaged a third party to assist with this process. Certain PPP loans paid-off or were forgiven after funding, resulting in a total outstanding balance of $426.0 million and net deferred fees of $9.6 million as of December 31, 2020. Although the Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program, there could be risks and liabilities by the Company that cannot be determined at this time . We transferred three loans totaling $6.6 million to the held-for-sale category during the year ended December 31, 2020, which were sold at a loss of less than $0.1 million. We did not transfer any loans to the held-for-sale category during the year ended December 31, 2019. The Company has purchased loan portfolios, none of which were credit deteriorated at the time of purchase. The following table presents loan purchases by class for the periods presented: (Dollars in thousands) Consumer - Unsecured Consumer - Automobile Total Year Ended December 31, 2020 Purchases: Outstanding balance $ 54,777 $ — $ 54,777 Purchase premium (discount) (1,619) — (1,619) Purchase price $ 53,158 $ — $ 53,158 Year Ended December 31, 2019 Purchases: Outstanding balance $ 112,181 $ 29,581 $ 141,762 Purchase premium (discount) (2,307) 630 (1,677) Purchase price $ 109,874 $ 30,211 $ 140,085 In the normal course of business, our bank makes loans to certain directors, executive officers and their affiliates. These loans are made in the ordinary course of business at normal credit terms. As of December 31, 2020 and December 31, 2019, related party loan balances were $42.3 million and $36.3 million, respectively. Collateral-Dependent Loans In accordance with ASC 326, a loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of December 31, 2020: December 31, 2020 (Dollars in thousands) Secured by Secured by Secured by Total Allocated Commercial, financial and agricultural - Other $ — $ — $ 676 $ 676 $ 209 Real estate: Residential mortgage 9,833 — — 9,833 — Home equity 524 — — 524 — Commercial mortgage — 626 — 626 — Total $ 10,357 $ 626 $ 676 $ 11,659 $ 209 The following table presents by class, information related to impaired loans as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: December 31, 2019 (Dollars in thousands) Unpaid Recorded ACL Impaired loans: Commercial, financial and agricultural - Other $ 246 $ 135 $ — Real estate: Residential mortgage 7,230 6,516 — Home equity 92 92 — Commercial mortgage 1,839 1,839 — Total 9,407 8,582 — Impaired loans with an ACL recorded: Commercial, financial and agricultural - Other 467 467 218 Consumer 17 17 17 Total 484 484 235 Total impaired loans $ 9,891 $ 9,066 $ 235 The following table presents by class, the average recorded investment and interest income recognized on impaired loans during the years ended December 31, 2019 and 2018, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: Year Ended Year Ended December 31, 2019 December 31, 2018 (Dollars in thousands) Average Interest Average Interest Commercial, financial and agricultural - Other $ 214 $ 9 $ 435 $ 24 Real estate: Construction 1,018 62 2,436 111 Residential mortgage 8,322 905 12,681 662 Home equity 277 13 482 — Commercial mortgage 2,098 86 3,368 179 Consumer 3 — — — Total $ 11,932 $ 1,075 $ 19,402 $ 976 For the years ended December 31, 2019 and 2018, the amount of interest income recognized on impaired loans within the period that the loans were impaired were primarily related to loans modified in a troubled debt restructuring ("TDR") that were on accrual status. For the years ended December 31, 2019 and 2018, the amount of interest income recognized using a cash-based method of accounting during the period that the loans were impaired was not material. Foreclosure Proceedings The Company had $1.6 million and $0.6 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at December 31, 2020 and 2019, respectively. During the year ended December 31, 2020, we did not foreclose on any loans. During the year ended December 31, 2019, we foreclosed on one portfolio loan with a carrying value of $0.1 million and recorded a gain on the transfer of $22 thousand. In addition, we sold two foreclosed properties totaling $0.2 million during the year ended December 31, 2020 at a loss of $15 thousand. We sold one foreclosed property totaling $0.1 million during the year ended December 31, 2019 at a loss of $0.2 million. Nonaccrual and Past Due Loans For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following tables present by class, the aging of the recorded investment in past due loans as of December 31, 2020 and 2019: December 31, 2020 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 416,375 $ 416,375 $ — Other 613 350 — 1,461 2,424 542,667 545,091 — Real estate: Construction — — — — — 125,407 125,407 — Residential mortgage 2,832 689 567 4,115 8,203 1,682,009 1,690,212 4,115 Home equity 273 3 — 524 800 550,466 551,266 524 Commercial mortgage — — — — — 1,156,328 1,156,328 — Consumer 2,725 906 240 92 3,963 475,471 479,434 — Total $ 6,443 $ 1,948 $ 807 $ 6,192 $ 15,390 $ 4,948,723 $ 4,964,113 $ 4,639 December 31, 2019 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural - Other $ 476 $ 865 $ — $ 467 $ 1,808 $ 568,496 $ 570,304 $ — Real estate: Construction 643 — — — 643 95,211 95,854 — Residential mortgage 1,830 589 724 979 4,122 1,595,679 1,599,801 979 Home equity 759 207 — 92 1,058 489,676 490,734 92 Commercial mortgage — 397 — — 397 1,123,018 1,123,415 — Consumer 3,223 943 286 17 4,469 564,963 569,432 — Total $ 6,931 $ 3,001 $ 1,010 $ 1,555 $ 12,497 $ 4,437,043 $ 4,449,540 $ 1,071 Interest income totaling $0.4 million, $3.1 million, and $1.2 million was recognized on nonaccrual loans, including loans held for sale, in 2020, 2019 and 2018, respectively. Additional interest income of $0.2 million, $0.3 million, and $0.4 million would have been recognized in 2020, 2019 and 2018, respectively, had these loans been accruing interest throughout those periods. Additionally, interest income of $0.2 million, $0.3 million, and $0.7 million was collected and recognized on charged-off loans in 2020, 2019 and 2018, respectively. In accordance with the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" issued in April 2020, loans with deferrals granted because of COVID-19 are not considered past due and/or reported as nonaccrual if deemed collectible during the deferral period. Modifications TDRs included in nonperforming assets at December 31, 2020 consisted of two Hawaii residential mortgage loans with a combined principal balance of $0.3 million. At December 31, 2019, TDRs included in nonperforming assets consisted of one loan with a principal balance of $0.3 million. There were $7.8 million of TDRs still accruing interest at December 31, 2020, one of which totaling $0.7 million was more than 90 days delinquent. At December 31, 2019, there were $7.5 million of TDRs still accruing interest, none of which were more than 90 days delinquent. The Company offers various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consists of the deferral of interest and/or principal payments due to deterioration in the borrowers' financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure, and there were no commitments to lend additional funds to the borrower during the year ended December 31, 2020 and 2019. Some loans modified in a TDR may already be on nonaccrual status and partial charge-offs may have already been taken against the outstanding loan balance. Thus, these loans have already been identified as impaired and have already been evaluated under the Company's ACL methodology. As a result, some loans modified in a TDR may have the financial effect of increasing the specific allowance associated with the loan. The loans modified in a TDR did not have a material effect on our Provision and ACL during the years ended December 31, 2020 and 2019. As discussed in Note 1 to these financial statements, Section 4013 of CARES Act and the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" provided banks an optional TDR election for certain loan modifications related to COVID-19 as long as the borrowers were not more than 30 days past due as of December 31, 2019 or at the time of modification program implementation, respectively, and meets other applicable criteria. The Company has identified eleven consumer loans totaling $0.2 million and one residential mortgage loan totaling $0.7 million during 2020, that were modified and did not meet the criteria under Section 4013 of CARES Act or the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)". As a result, these loans are included in the TDRs disclosed above. The Company had active loan deferrals with outstanding balances of approximately $119.3 million resulting from the COVID-19 pandemic that were not classified as a TDR at December 31, 2020 under the CARES Act or the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" . The following table sets forth all loans to borrowers impacted by COVID-19 on active payment forbearance or deferral and the percentage of loans on active payment forbearance or deferral to total loans and total loans, excluding PPP loans, as of December 31, 2020: (Dollars in thousands) Loan Count Loans on Active Forbearance or Deferral Accrued Interest Receivable Total Loans % of Asset Class Total Loans, Excluding PPP % of Asset Class, Excluding PPP Commercial, financial and agricultural 21 $ 6,056 $ 68 $ 961,466 0.6 % $ 545,091 1.1 % Real estate: Construction — — — 125,407 — % 125,407 — % Residential mortgage 152 70,384 1,580 1,690,212 4.2 % 1,690,212 4.2 % Home equity — — — 551,266 — % 551,266 — % Commercial mortgage 10 41,442 235 1,156,328 3.6 % 1,156,328 3.6 % Consumer 149 2,324 18 479,434 0.5 % 479,434 0.5 % Total loans 332 $ 120,206 $ 1,901 $ 4,964,113 2.4 % $ 4,547,738 2.6 % The following table presents by class, information related to loans modified in a TDR during the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, 2020 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 677 $ — Real estate: Commercial mortgage 1 276 — Consumer 11 207 — Total 13 $ 1,160 $ — Year Ended December 31, 2019 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 104 $ — Total 1 $ 104 $ — Year Ended December 31, 2018 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 3 $ 575 $ — Total 3 $ 575 $ — No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the years ended December 31, 2020, 2019 and 2018. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk rating of loans. Loans not meeting the following criteria that are analyzed individually as part of the described process are considered to be pass-rated loans. Special Mention. Loans classified as special mention, while still adequately protected by the borrower's capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management's close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans classified as substandard are inadequately protected by the borrower's current financial condition and payment capability or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimate loss is deferred until its more exact status may be determined. Loss. Loans classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. Loans not meeting the criteria above are considered to be pass rated loans. The following table presents the amortized cost basis, net of deferred (fees) costs of the Company's loans by class, credit quality indicator and origination year as of December 31, 2020. Revolving loans converted to term as of and during the year ended ended December 31, 2020 were not material to the total loan portfolio. Amortized Cost of Term Loans by Origination Year (Dollars in thousands) 2020 2019 2018 2017 2016 Prior Amortized Cost of Revolving Loans Total December 31, 2020 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 416,375 $ — $ — $ — $ — $ — $ — $ 416,375 Subtotal 416,375 — — — — — — 416,375 Commercial, financial and agricultural - Other: Risk Rating Pass 86,456 55,660 61,314 47,672 39,337 98,136 82,465 471,040 Special Mention 9,690 16,120 6,293 26,109 1,556 6,989 420 67,177 Substandard 200 839 1,043 1,045 2,570 1,177 — 6,874 Subtotal 96,346 72,619 68,650 74,826 43,463 106,302 82,885 545,091 Construction: Risk Rating Pass 22,491 29,518 36,790 9,365 2,163 19,138 3,099 122,564 Special Mention — — 2,843 — — — — 2,843 Subtotal 22,491 29,518 39,633 9,365 2,163 19,138 3,099 125,407 Residential mortgage: Risk Rating Pass 556,479 276,645 127,490 136,307 180,782 406,020 — 1,683,723 Special Mention 997 — — 597 142 — — 1,736 Substandard — — 537 785 1,381 2,050 — 4,753 Subtotal 557,476 276,645 128,027 137,689 182,305 408,070 — 1,690,212 Home equity: Risk Rating Pass 17,582 15,851 15,567 679 1,023 4,592 494,741 550,035 Special Mention — — — — — — 707 707 Substandard — — — — 200 324 — 524 Subtotal 17,582 15,851 15,567 679 1,223 4,916 495,448 551,266 Commercial mortgage: Risk Rating Pass 130,448 144,244 123,519 166,618 104,381 363,837 16,200 1,049,247 Special Mention — 2,021 31,647 2,919 13,546 19,653 — 69,786 Substandard — 1,791 19,000 1,934 — 14,570 — 37,295 Subtotal 130,448 148,056 174,166 171,471 117,927 398,060 16,200 1,156,328 Consumer: Risk Rating Pass 112,955 147,940 78,486 44,571 17,445 4,032 73,423 478,852 Special Mention — — — — — — 250 250 Substandard — 138 102 22 — 22 — 284 Loss — 16 — 26 2 4 — 48 Subtotal 112,955 148,094 78,588 44,619 17,447 4,058 73,673 479,434 Total $ 1,353,673 $ 690,783 $ 504,631 $ 438,649 $ 364,528 $ 940,544 $ 671,305 $ 4,964,113 The following tables present by class and credit indicator, the recorded investment in the Company's loans as of December 31, 2020 and 2019: (Dollars in thousands) Pass Special Substandard Loss Subtotal Net Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 Other 471,085 67,177 6,874 — 545,136 (45) 545,091 Real estate: Construction 122,782 2,843 — — 125,625 (218) 125,407 Residential mortgage 1,680,762 1,736 4,753 — 1,687,251 2,961 1,690,212 Home equity 548,985 707 524 — 550,216 1,050 551,266 Commercial mortgage 1,051,122 69,786 37,295 — 1,158,203 (1,875) 1,156,328 Consumer 478,998 250 284 48 479,580 (146) 479,434 Total $ 4,779,727 $ 142,499 $ 49,730 $ 48 $ 4,972,004 $ (7,891) $ 4,964,113 (Dollars in thousands) Pass Special Substandard Loss Subtotal Net Total December 31, 2019 Commercial, financial and agricultural - Other $ 523,342 $ 20,677 $ 26,070 $ — $ 570,089 $ 215 $ 570,304 Real estate: Construction 96,139 — — — 96,139 (285) 95,854 Residential mortgage 1,593,072 840 1,889 — 1,595,801 4,000 1,599,801 Home equity 490,147 — 92 — 490,239 495 490,734 Commercial mortgage 1,094,364 17,440 13,107 — 1,124,911 (1,496) 1,123,415 Consumer 569,212 — 193 111 569,516 (84) 569,432 Total $ 4,366,276 $ 38,957 $ 41,351 $ 111 $ 4,446,695 $ 2,845 $ 4,449,540

ALLOWANCE FOR LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
ALLOWANCE FOR LOAN AND LEASE LOSSES	5. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activity in the ACL for loans under ASC 326 during the year ended December 31, 2020 and under previous GAAP during the years ended December 31, 2019 and 2018: Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2020 Beginning balance prior to ASC 326 $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision (credit) for credit losses [1] 304 13,077 1,875 2,383 2,824 8,485 9,982 38,930 304 20,586 4,146 16,318 5,416 22,222 21,475 90,467 Charge-offs — 3,026 — 63 — 75 8,191 11,355 Recoveries — 1,157 131 229 33 16 2,591 4,157 Net charge-offs (recoveries) — 1,869 (131) (166) (33) 59 5,600 7,198 Ending balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision (credit) for credit losses — 1,413 (20) (1,546) 381 (2,270) 8,359 6,317 — 9,440 1,182 12,803 4,169 11,088 15,551 54,233 Charge-offs — 2,478 — — 5 — 8,265 10,748 Recoveries — 1,174 610 524 42 25 2,111 4,486 Net charge-offs (recoveries) — 1,304 (610) (524) (37) (25) 6,154 6,262 Ending balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2018 Beginning balance $ — $ 7,594 $ 1,835 $ 14,328 $ 3,317 $ 16,801 $ 6,126 $ 50,001 Provision (credit) for credit losses — 2,082 (6,392) (183) 444 (3,495) 6,420 (1,124) — 9,676 (4,557) 14,145 3,761 13,306 12,546 48,877 Charge-offs — 2,852 — — — — 7,323 10,175 Recoveries — 1,203 5,759 204 27 52 1,969 9,214 Net charge-offs — 1,649 (5,759) (204) (27) (52) 5,354 961 Ending balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 [1] The Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. The provision for credit losses presented in this table excludes the provision for credit losses on accrued interest receivable of $0.2 million. The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the year ended December 31, 2020 and under previous GAAP during the years ended December 31, 2019 and 2018. Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Beginning balance prior to ASC 326 $ 1,272 $ 1,243 $ 1,668 Impact of adoption of ASC 326 740 — — Balance after adoption of ASC 326 2,012 1,243 1,668 Provision for off-balance sheet credit exposures 2,872 29 (425) Balance, end of year $ 4,884 $ 1,272 $ 1,243 In accordance with GAAP, loans held for sale and other real estate assets are not included in our assessment of the ACL. Changes in the allowance for credit losses for impaired loans (included in the above amounts) were as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Balance, beginning of year $ 235 $ — $ — Provision for credit losses (26) 235 — Balance, end of year $ 209 $ 235 $ — At December 31, 2020 and 2019, all impaired loans were measured based on the fair value of the underlying collateral for collateral-dependent loans, at the loan's observable market price, or the net present value of future cash flows, as appropriate. In determining the amount of our ACL, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as regulatory requirements and input. If our assumptions prove to be incorrect, our current ACL may not be sufficient to cover future credit losses and we may experience significant increases to our Provision.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	6. PREMISES AND EQUIPMENT Premises and equipment consisted of the following as of December 31, 2020 and 2019: December 31, (Dollars in thousands) 2020 2019 Land $ 11,616 $ 8,309 Office buildings and improvements 125,132 107,840 Furniture, fixtures and equipment 37,839 39,066 Gross premises and equipment 174,587 155,215 Accumulated depreciation and amortization (109,309) (108,872) Net premises and equipment $ 65,278 $ 46,343 Depreciation and amortization of premises and equipment were charged to the following operating expenses: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Net occupancy $ 3,616 $ 3,401 $ 3,527 Equipment 2,607 2,738 2,761 Total $ 6,223 $ 6,139 $ 6,288

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	12 Months Ended
	Dec. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	7. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES Investments in unconsolidated subsidiaries as of December 31, 2020 and 2019 consisted of the following components: December 31, (Dollars in thousands) 2020 2019 Investments in low income housing tax credit partnerships $ 28,090 $ 15,322 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 277 192 Other 54 54 Total $ 29,968 $ 17,115 The Company invests in low income housing tax credit ("LIHTC") partnerships. As of December 31, 2020 and 2019, the Company had $17.2 million and $11.5 million, respectively, in unfunded commitments related to the LIHTC partnerships, which is recorded in other liabilities in the Company's consolidated balance sheets. The expected payments for the unfunded commitments as of December 31, 2020 are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 10,518 2022 6,579 2023 10 2024 28 2025 6 Thereafter 43 Total commitments $ 17,184 The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Proportional amortization method: Amortization expense recognized in income tax expense $ 1,391 $ 681 $ 1,005 Federal and state tax credits recognized in income tax expense 1,599 803 759

CORE DEPOSIT PREMIUM AND MORTGA

CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS	8. CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS The following table presents changes in our core deposit premium and mortgage servicing rights for the periods presented: (Dollars in thousands) Core Mortgage Total Balance as of December 31, 2017 $ 2,006 $ 15,843 $ 17,849 Additions — 1,612 1,612 Amortization (2,006) (1,859) (3,865) Balance as of December 31, 2018 — 15,596 15,596 Additions — 1,582 1,582 Amortization — (2,460) (2,460) Balance as of December 31, 2019 — 14,718 14,718 Additions — 3,314 3,314 Amortization — (6,167) (6,167) Balance as of December 31, 2020 $ — $ 11,865 $ 11,865 The gross carrying value, accumulated amortization, and net carrying value related to our core deposit premium and mortgage servicing rights as of December 31, 2020 and 2019 are presented below: December 31, 2020 December 31, 2019 (Dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (44,642) $ — $ 44,642 $ (44,642) $ — Mortgage servicing rights 70,909 (59,044) 11,865 67,595 (52,877) 14,718 Total $ 115,551 $ (103,686) $ 11,865 $ 112,237 $ (97,519) $ 14,718 Our core deposit premium was fully amortized as of December 31, 2018. Based on our mortgage servicing rights held as of December 31, 2020, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 4,725 2022 3,815 2023 3,145 2024 180 2025 — Thereafter — Total $ 11,865 We utilize the amortization method to measure our mortgage servicing rights. Under the amortization method, we amortize our mortgage servicing rights in proportion to and over the period of net servicing income. Income generated as the result of new mortgage servicing rights is reported as a component of mortgage banking income and totaled $3.3 million, $1.6 million, and $1.6 million in 2020, 2019 and 2018, respectively. Amortization of the servicing rights is reported as a component of mortgage banking income in our consolidated statements of income. Ancillary income is recorded in other income. Mortgage servicing rights are recorded when loans are sold to third-parties with servicing of those loans retained and we classify and pool our mortgage servicing rights into buckets of homogeneous characteristics. Initial fair value of the servicing right is calculated by a discounted cash flow model prepared by a third-party service provider based on market value assumptions at the time of origination and we assess the servicing right for impairment using current market value assumptions at each reporting period. Critical assumptions used in the discounted cash flow model include mortgage prepayment speeds, discount rates, and servicing income and costs. Variations in our assumptions could materially affect the estimated fair values. Changes to our assumptions are made when current trends and market data indicate that new trends have developed. Current market value assumptions based on loan product types (fixed-rate, adjustable-rate and government FHA loans) include average discount rates, servicing costs and ancillary income. Many of these assumptions are subjective and require a high level of management judgment. Our mortgage servicing rights portfolio and valuation assumptions are periodically reviewed by management. Prepayment speeds may be affected by economic factors such as home price appreciation, market interest rates, the availability of other credit products to our borrowers and customer payment patterns. Prepayment speeds include the impact of all borrower prepayments, including full payoffs, additional principal payments and the impact of loans paid off due to foreclosure liquidations. As market interest rates decline, prepayment speeds will generally increase as customers refinance existing mortgages under more favorable interest rate terms. As prepayment speeds increase, anticipated cash flows will generally decline resulting in a potential reduction, or impairment, to the fair value of the capitalized mortgage servicing rights. Alternatively, an increase in market interest rates may cause a decrease in prepayment speeds and therefore an increase in fair value of mortgage servicing rights. The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Year Ended December 31, (Dollars in thousands) 2020 2019 Fair market value, beginning of period $ 15,820 $ 17,696 Fair market value, end of period 12,003 15,820 Weighted average discount rate 9.6 % 9.5 % Weighted average prepayment speed assumption 17.6 % 14.2 % Loans serviced for others as of December 31, 2020 and 2019 totaled $1.73 billion and $1.89 billion, respectively. Loans serviced for others are not reported as assets on the Company's consolidated balance sheets.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	9. DERIVATIVES We utilize various designated and undesignated derivative financial instruments to reduce our exposure to movements in interest rates including interest rate swaps, interest rate lock commitments and forward sale commitments. We measure all derivatives at fair value on our consolidated balance sheet. At each reporting period, we record the derivative instruments in other assets or other liabilities depending on whether the derivatives are in an asset or liability position. For derivative instruments that are designated as hedging instruments, we record the effective portion of the changes in the fair value of the derivative in AOCI, net of tax, until earnings are affected by the variability of cash flows of the hedged transaction. We immediately recognize the portion of the gain or loss in the fair value of the derivative that represents hedge ineffectiveness in current period earnings. For derivative instruments that are not designated as hedging instruments, changes in the fair value of the derivative are included in current period earnings. We had no derivative instruments designated as hedging instruments as of December 31, 2020 and December 31, 2019. Interest Rate Lock and Forward Sale Commitments We enter into interest rate lock commitments on certain mortgage loans that are intended to be sold. To manage interest rate risk on interest rate lock commitments, we also enter into forward loan sale commitments. The interest rate lock and forward loan sale commitments are accounted for as undesignated derivatives and are recorded at their respective fair values in other assets or other liabilities, with changes in fair value recorded in current period earnings. These instruments serve to reduce our exposure to movements in interest rates. At December 31, 2020, we were a party to interest rate lock and forward sale commitments on $0.7 million and $16.6 million of mortgage loans, respectively. At December 31, 2019, we were a party to interest rate lock and forward sale commitments on $0.6 million and $9.0 million of mortgage loans, respectively. The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheet: Asset Derivatives Liability Derivatives Derivatives Not Designated as Balance Sheet Fair Value at Fair Value at Fair Value at Fair Value at Hedging Instruments Location December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 (Dollars in thousands) Interest rate lock and forward sale commitments Other assets / other liabilities $ 18 $ 8 $ 163 $ 28 Risk Participation Agreements In the first and fourth quarters of 2020, the Company entered into credit risk participation agreements ("RPA") with financial institution counterparties for interest rate swaps related to loans in which we participate. The risk participation agreements entered into by us a participant bank provide credit protection to the financial institution counterparties should the borrowers fail to perform on their interest rate derivative contracts with the financial institutions. The following table presents the impact of derivative instruments and their location within the consolidated statements of income for the periods presented: Derivatives Not in Cash Flow Hedging Relationship Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives (Dollars in thousands) Year ended December 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income $ (76) Risk participation agreements Other service charges and fees 1,323 Year ended December 31, 2019 Interest rate lock and forward sale commitments Mortgage banking income 63 Year ended December 31, 2018 Interest rate lock and forward sale commitments Mortgage banking income (70)

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
DEPOSITS	10. DEPOSITS The Company had $898.9 million and $1.03 billion of total time deposits as of December 31, 2020 and 2019, respectively. Contractual maturities of total time deposits as of December 31, 2020 were as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 804,701 2022 58,320 2023 15,952 2024 11,500 2025 8,111 Thereafter 334 Total $ 898,918 Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $666.5 million and $766.4 million at December 31, 2020 and 2019, respectively. Contractual maturities of time deposits of $250,000 or more as of December 31, 2020 were as follows: (Dollars in thousands) Three months or less $ 282,610 Over three months through six months 233,739 Over six months through twelve months 112,245 2022 31,313 2023 3,835 2024 890 2025 1,824 Thereafter — Total $ 666,456 At December 31, 2020 and 2019, overdrawn deposit accounts totaling $0.4 million and $0.9 million have been reclassified as loans on the consolidated balance sheets.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2020
Short-term Debt [Abstract]
SHORT-TERM BORROWINGS	11. SHORT-TERM BORROWINGS The bank is a member of the FHLB and maintained a $1.81 billion line of credit, of which $1.52 billion remained available as of December 31, 2020. At December 31, 2020, short-term borrowings under this arrangement totaled $22.0 million. At December 31, 2019, short-term borrowings under this arrangement totaled $150.0 million. The FHLB provides standby letters of credit on behalf of the bank to secure certain public deposits. If the FHLB is required to make a payment on a standby letter of credit, the payment amount is converted to an advance at the FHLB. The standby letters of credit issued on our behalf by the FHLB totaled $268.0 million and $78.9 million at December 31, 2020 and 2019, respectively. At December 31, 2020 and 2019, our bank had additional unused borrowings available at the Federal Reserve discount window of $64.5 million and $65.3 million, respectively. As of December 31, 2020 and 2019, certain commercial real estate and commercial loans with a carrying value totaling $136.9 million and $126.1 million, respectively, were pledged as collateral on our line of credit with the Federal Reserve discount window. The Federal Reserve does not have the right to sell or repledge these loans. Interest expense on short-term borrowings totaled $0.7 million, $4.3 million and $1.2 million in 2020, 2019 and 2018, respectively. A summary of our short-term borrowings as of December 31, 2020, 2019 and 2018 is as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Amount outstanding at December 31 $ 22,000 $ 150,000 $ 197,000 Average amount outstanding during year 89,904 185,909 50,630 Highest month-end balance during year 222,000 334,500 197,000 Weighted average interest rate on balances outstanding at December 31 0.29 % 1.81 % 2.59 % Weighted average interest rate during year 0.80 % 2.31 % 2.44 %

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2020
Long-term Debt, Unclassified [Abstract]
LONG-TERM DEBT	12. LONG-TERM DEBT Long-term debt, which is based on original maturity, consisted of FHLB advances and subordinated notes and debentures totaling $105.4 million and $101.5 million at December 31, 2020 and 2019, respectively. December 31, (Dollars in thousands) 2020 2019 FHLB advances $ — $ 50,000 Subordinated notes, net of issuance costs 53,838 — Subordinated debentures 51,547 51,547 Total $ 105,385 $ 101,547 At December 31, 2020, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands): (Dollars in thousands) Year Ending December 31: 2021 $ — 2022 — 2023 — 2024 — 2025 — Thereafter 106,547 Total $ 106,547 Paycheck Protection Program Liquidity Facility To bolster the effectiveness of the SBA's PPP the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The PPP provides loans to small businesses so that they can keep their workers on the payroll. The Paycheck Protection Program Liquidity Facility ("PPPLF") will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. During Q2 2020, we pledged $65.9 million in PPP loans to the Federal Reserve Bank and drew funds totaling $65.9 million from the Federal Reserve Bank related to the PPPLF. This was subsequently paid down during Q3 2020. At December 31, 2020, there were no draws outstanding from the Federal Reserve Bank under the PPPLF and no PPP loans were pledged to the Federal Reserve Bank. FHLB Advances We had no FHLB long-term advances outstanding as of December 31, 2020 and $50.0 million as of December 31, 2019. At December 31, 2020, our bank had FHLB advances available of approximately $1.52 billion, which was secured by certain real estate loans with a carrying value of $2.75 billion in accordance with the collateral provisions of the Advances, Pledge and Security Agreement with the FHLB. Interest expense on FHLB long-term advances was $1.5 million, $1.6 million and $0.2 million in 2020, 2019 and 2018, respectively. Subordinated Debentures As of December 31, 2020 and December 31, 2019, the Company had the following junior subordinated debentures outstanding: (Dollars in thousands) December 31, 2020 Name of Trust Amount of Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 (Dollars in thousands) December 31, 2019 Name of Trust Amount of Subordinated Debentures Interest Rate Trust IV 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 In October 2003, we created two wholly-owned statutory trusts, CPB Capital Trust II, a Delaware statutory trust ("Trust II") and CPB Statutory Trust III, a Delaware statutory trust ("Trust III"). We completed the redemption of $20.0 million of floating rate trust preferred securities issued by Trust II in January 2019 and $20.0 million of floating rate preferred securities issued by Trust III in December 2018. In September 2004, we created a wholly-owned statutory trust, CPB Capital Trust IV ("Trust IV"). Trust IV issued $30.0 million in floating rate trust preferred securities bearing an interest rate of three-month LIBOR plus 2.45% and maturing on December 15, 2034. The principal assets of Trust IV are $30.9 million of the Company's junior subordinated debentures with an identical interest rate and maturity as the Trust IV trust preferred securities. Trust IV issued $0.9 million of common securities to the Company. In December 2004, we created a wholly-owned statutory trust, CPB Statutory Trust V ("Trust V"). Trust V issued $20.0 million in floating rate trust preferred securities bearing an interest rate of three-month LIBOR plus 1.87% and maturing on December 15, 2034. The principal assets of Trust V are $20.6 million of the Company's junior subordinated debentures with an identical interest rate and maturity as the Trust V trust preferred securities. Trust V issued $0.6 million of common securities to the Company. The Company is not considered the primary beneficiary of Trusts IV and V, therefore the trusts are not considered a variable interest entity and are not consolidated in the Company's financial statements. Rather the subordinated debentures are shown as a liability on the Company's consolidated balance sheets. The Company's investment in the common securities of the trusts are included in investment in unconsolidated subsidiaries in the Company's consolidated balance sheets. The floating rate trust preferred securities, the junior subordinated debentures that are the assets of Trusts IV and V and the common securities issued by Trusts IV and V are redeemable in whole or in part on any interest payment date on or after December 15, 2009 for Trust IV and V, or at any time in whole but not in part within 90 days following the occurrence of certain events. Our obligations with respect to the issuance of the trust preferred securities constitute a full and unconditional guarantee by the Company of each trust's obligations with respect to its trust preferred securities. Subject to certain exceptions and limitations, we may elect from time to time to defer interest payments on the subordinated debentures, which would result in a deferral of distribution payments on the related trust preferred securities, for up to 20 consecutive quarterly periods without default or penalty. Subordinated Notes As of December 31, 2020, the Company had the following subordinated notes outstanding: (Dollars in thousands) December 31, 2020 Name Amount of Subordinated Notes Interest Rate October 2020 Private Placement $ 55,000 4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR. On October 20, 2020, the Company completed a $55.0 million private placement of ten The subordinated notes may be included in Tier 2 capital, with certain limitations applicable, under current regulatory guidelines and interpretations. The subordinated notes had a carrying value of $53.8 million, net of unamortized debt issuance costs of $1.2 million, at December 31, 2020.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
EQUITY	13. EQUITY As a Hawaii state-chartered bank, Central Pacific Bank may only pay dividends to the extent it has retained earnings as defined under Hawaii banking law ("Statutory Retained Earnings"), which differs from GAAP retained earnings. As of December 31, 2020, the bank had Statutory Retained Earnings of $82.5 million. Dividends are payable at the discretion of the Board of Directors and there can be no assurance that the Board of Directors will continue to pay dividends at the same rate, or at all, in the future. Our ability to pay cash dividends to our shareholders is subject to restrictions under federal and Hawaii law, including restrictions imposed by the FRB and covenants set forth in various agreements we are a party to, including covenants set forth in our subordinated debentures. We repurchase shares of our common stock when we believe such repurchases are in the best interests of the Company. In January 2020, the Company’s Board of Directors authorized the repurchase of up to $30.0 million of its common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program (the "2020 Repurchase Plan"). The 2020 Repurchase Plan replaced and superseded in its entirety the share repurchase program previously approved by the Company's Board of Directors, which had $19.8 million in remaining repurchase authority. The Company's 2020 Repurchase Plan is subject to a one year expiration. In March 2020, the Company temporarily suspended the Repurchase Plan due to uncertainty in the wake of the current COVID-19 pandemic. In the year ended December 31, 2020, a total of 206,802 shares of common stock, at a cost of $4.7 million, were repurchased under the 2020 Repurchase Plan. A total of $26.6 million remained available for repurchase under the 2020 Repurchase Plan at December 31, 2020. In the year ended December 31, 2019, 797,003 shares of common stock, at a cost of $22.8 million, were repurchased under the Company's share repurchase program.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	14. REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" , establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts to provide goods or services to its customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services. Revenue is recognized as performance obligations are satisfied. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. Our principal source of revenue is derived from interest income on financial instruments, such as our loan and investment securities portfolios, as well as revenue related to our mortgage banking activities. These revenue-generating transactions are out of scope of ASC 606, but are subject to other GAAP and discussed elsewhere within our disclosures. We also generate other revenue in connection with our broad range of banking products and financial services. Descriptions of our other revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of other operating income are as follows: Mortgage banking income Loan placement fees, included in mortgage banking income, primarily represent revenues earned by the Company for loan placement and underwriting. Revenues for these services are recorded at a point-in-time, upon completion of a contractually identified transaction, or when an advisory opinion is provided. Service charges on deposit accounts Revenue from service charges on deposit accounts includes general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as stop payment fees). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Other Service Charges and Fees Revenue from other service charges and fees includes fees on foreign exchange, cards and payments income, safe deposit rental income and other service charges, commissions and fees. The Company provides foreign currency exchange services to customers, whereby cash can be converted to different foreign currencies, and vice versa. As a result of the services, a gain or loss is recognized on foreign currency transactions, as well as income related to commissions and fees earned on each transaction. Revenue from the commissions and fees earned on the transactions fall within the scope of ASC 606, and is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Realized and unrealized gains or losses related to foreign currency are out of scope of ASC 606. Cards and payments income includes interchange fees from debit cards processed through card association networks, merchant services, and other card related services. Interchange rates are generally set by the credit card associations and based on purchase volumes and other factors. Interchange fees are recognized as transactions occur. Interchange expenses related to cards and payments income are presented gross in other operating expense. Merchant services income represents account management fees and transaction fees charged to merchants for the processing of card association network transactions. Merchant services revenue is recognized as transactions occur, or as services are performed. Other service charges, commissions and fees include automated teller machines ("ATM") surcharge and interchange fees, bill payment fees, cashier’s check and money order fees, wire transfer fees, loan brokerage fees, and commissions on sales of insurance, broker-dealer products, letters of credit, and travelers’ checks. Revenue from these fees and commissions is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Based on the nature of the commission agreement with the broker-dealer and each insurance provider, we may recognize revenue from broker-dealer and insurance commissions over time or at a point-in-time as our performance obligation is satisfied. Income from Fiduciary Activities Income from fiduciary activities includes fees from wealth management, trust, custodial and escrow services provided to individual and institutional customers. Revenue is generally recognized monthly based on a minimum annual fee and/or the market value of assets in custody. Additional fees are recognized for transactional activity. Revenue from trade execution and brokerage services is earned through commissions from trade execution on behalf of clients. Revenue from these transactions is recognized at the trade date. Any ongoing service fees are recognized on a monthly basis as services are performed. Net Gain (Loss) on Sales of Foreclosed Assets The Company records a gain or loss on the sale of a foreclosed property when control of the property transfers to the Company, which typically occurs at the time the deed is executed. The Company does not finance the sale of the foreclosed property. The following presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606 for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 1,128 $ 702 Service charges on deposit accounts 6,234 8,406 Other service charges and fees 11,621 12,536 Income on fiduciary activities 4,829 4,395 Net gain (loss) on sales of foreclosed assets (15) (145) In-scope other operating income 23,797 25,894 Out-of-scope other operating income 21,401 15,907 Total other operating income $ 45,198 $ 41,801

MORTGAGE BANKING INCOME MORTGAG

MORTGAGE BANKING INCOME MORTGAGE BANKING INCOME	12 Months Ended
	Dec. 31, 2020
Other Income and Expenses [Abstract]
MORTGAGE BANKING INCOME	15. MORTGAGE BANKING INCOME Noninterest income from the Company's mortgage banking activities includes the following components for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Mortgage banking income: Net loan servicing fees $ 2,754 $ 4,252 $ 5,159 Amortization of mortgage servicing rights (6,167) (2,460) (1,859) Net gain on sale of residential mortgage loans 16,043 4,128 4,085 Unrealized gain (loss) on interest rate locks (76) 63 (70) Loan placement fees 1,128 702 747 Total mortgage banking income $ 13,682 $ 6,685 $ 8,062

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	16. SHARE-BASED COMPENSATION In accordance with ASC 718, compensation expense is recognized only for those shares expected to vest, based on the Company's historical experience and future expectations. The following table summarizes the effects of share-based compensation for options and awards granted under the Company's equity incentive plans for each of the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Salaries and employee benefits $ 3,822 $ 4,289 $ 3,787 Directors stock awards 165 96 255 Income tax benefit (809) (1,427) (1,227) Net share-based compensation effect $ 3,178 $ 2,958 $ 2,815 Upon exercise or vesting of a share-based award, if the tax deduction exceeds the compensation cost that was previously recorded for financial statement purposes, this will result in an excess tax benefit. Effective January 1, 2017, ASU 2016-09, " Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting " requires the Company to recognize all excess tax benefits or tax deficiencies through the income statement as income tax expense/benefit. Under previous GAAP, any excess tax benefits were recognized in additional-paid-in-capital to offset current-period and subsequent-period tax deficiencies. During 2020, 2019 and 2018, the Company recorded an income tax expense of $0.3 million and a benefit of $0.3 million and $0.1 million, respectively, as a result of restricted stock units vesting during the year. The Company's share-based compensation arrangements are described below: Equity Incentive Plans We have adopted equity incentive plans for the purpose of granting options, restricted stock and other equity based awards for the Company's common stock to directors, officers and other key individuals. Option awards are generally granted with an exercise price equal to the market price of the Company's common stock at the date of grant; those option awards generally vest based on three In September 2004, we adopted and our shareholders approved the 2004 Stock Compensation Plan ("2004 Plan") making available 1,500,000 shares for grants to employees and directors. Upon adoption of the 2004 Plan, all unissued shares from the previous 1997 Plan were frozen and no new options were granted under the 1997 Plan. In May 2007, the 2004 Plan was amended to increase the number of shares available for grant by an additional 1,000,000 shares. In April 2011, the 2004 Plan was amended to increase the number of shares authorized from 1,402,589 to 4,944,831. In April 2013, we adopted and our shareholders approved the 2013 Stock Compensation Plan ("2013 Plan") making available 2,200,000 shares for grants to employees and directors. Upon adoption of the 2013 Plan, all unissued shares from the 2004 Plan were frozen and no new grants will be granted under the 2004 Plan. Shares may continue to be settled under the 2004 Plan pursuant to previously outstanding awards. New shares are issued from the 2013 Plan. As of December 31, 2020, 2019 and 2018, a total of 996,850, 1,304,773 and 1,468,137 shares, respectively, were available for future grants under our 2013 Plan. Stock Options The fair value of each option award is estimated on the date of grant based on the following: Valuation and amortization method— We estimate the fair value of stock options granted using the Black-Scholes option pricing formula and a single option award approach. We use historical data to estimate option exercise and employee termination activity within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. This fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period. Expected life — The expected life of options represents the period of time that options granted are expected to be outstanding. Expected volatility — Expected volatilities are based on the historical volatility of the Company's common stock. Risk-free interest rate — The risk-free interest rate for periods within the contractual life of the option is based on the Treasury yield curve in effect at the time of grant. Expected dividend — The expected dividend assumption is based on our current expectations about our anticipated dividend policy. The following is a summary of option activity for our stock option plans for the year ended December 31, 2020: Number Weighted Weighted Aggregate Stock options outstanding as of January 1, 2020 133,813 $ 14.31 Changes during the year: Granted — — Exercised — — Expired — — Forfeited — — Stock options outstanding as of December 31, 2020 133,813 14.31 1.3 $ 629 Vested and exercisable as of December 31, 2020 133,813 14.31 1.3 629 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying option awards and the quoted price of the Company's common stock for the options that were in-the-money as of December 31, 2020. There were no options exercised during the year ended December 31, 2020. During the years ended December 31, 2019 and 2018, the aggregate intrinsic value of options exercised under our stock option plan determined as of the date of exercise was $0.2 million and $0.2 million, respectively. As of December 31, 2020, all compensation costs related to stock options granted to employees under our stock option plans have been recognized. As of December 31, 2020, all shares have been vested. There were no shares that vested in 2020, 2019 and 2018. No stock options were granted during the years ended December 31, 2020, 2019 and 2018. Restricted Stock Awards and Units Under the 1997, 2004 and 2013 Plans, we awarded restricted stock awards and units to our non-officer directors and certain senior management personnel. The awards typically vest over a three five As of December 31, 2020, there was $6.4 million of total unrecognized compensation cost related to restricted stock awards and units that is expected to be recognized over a weighted-average period of 2.0 years. The table below presents the activity of restricted stock awards and units for each of the periods presented: Number Weighted Fair Value Unvested as of December 31, 2017 397,551 $ 25.49 Changes during the year: Granted 118,846 29.47 Forfeited (25,481) 27.39 Vested (128,191) 24.59 $ 3,763 Unvested as of December 31, 2018 362,725 26.98 Changes during the year: Granted 181,431 28.89 Forfeited (17,689) 29.10 Vested (160,000) 24.55 3,927 Unvested as of December 31, 2019 366,467 28.89 Changes during the year: Granted 322,180 18.11 Forfeited (28,058) 23.79 Vested (128,215) 29.48 3,780 Unvested as of December 31, 2020 532,374 22.49

PENSION PLANS

PENSION PLANS	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
PENSION PLANS	17. PENSION PLANS Defined Benefit Retirement Plan The bank has a defined benefit retirement plan that covered substantially all of its employees who were employed during the period that the plan was in effect. The plan was initially curtailed in 1986, and accordingly, plan benefits were fixed as of that date. Effective January 1, 1991, the bank reactivated its defined benefit retirement plan. As a result of the reactivation, employees for whom benefits were fixed in 1986 began to accrue additional benefits under a new formula that became effective January 1, 1991. Employees who were not participants at curtailment, but who were subsequently eligible to join, became participants effective January 1, 1991. Under the reactivated plan, benefits are based upon the employees' years of service and their highest average annual salaries in a 60-consecutive-month period of service, reduced by benefits provided from the bank's terminated money purchase pension plan. The reactivation of the defined benefit retirement plan resulted in an increase of $5.9 million in the unrecognized prior service cost, which was amortized over a period of 13 years. Effective December 31, 2002, the bank curtailed its defined benefit retirement plan, and accordingly, plan benefits were fixed as of that date. The following tables set forth information pertaining to the defined benefit retirement plan: Year Ended December 31, (Dollars in thousands) 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 21,603 $ 20,746 Interest cost 641 828 Actuarial (gains) losses 1,288 1,677 Benefits paid (1,613) (1,648) Benefit obligation at end of the year 21,919 21,603 Change in plan assets, at fair value: Fair value of plan assets at beginning of year 21,309 19,874 Actual return on plan assets 1,457 3,083 Benefits paid (1,613) (1,648) Fair value of plan assets at end of year 21,153 21,309 Funded status at end of year $ (766) $ (294) Amounts recognized in AOCI: Net actuarial losses $ (6,467) $ (6,625) Benefit obligation actuarial assumptions: Weighted average discount rate 2.3 % 3.1 % Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Components of net periodic benefit cost: Interest cost $ 641 $ 828 $ 796 Expected return on plan assets (920) (996) (1,206) Amortization of net actuarial losses 909 1,101 979 Net periodic benefit cost $ 630 $ 933 $ 569 Net periodic cost actuarial assumptions: Weighted average discount rate 3.1 % 4.2 % 3.6 % Expected long-term rate of return on plan assets 4.5 % 5.3 % 5.5 % The long-term rate of return on plan assets reflects the weighted-average long-term rates of return for the various categories of investments held in the plan. The expected long-term rate of return is adjusted when there are fundamental changes in expected returns on the plan investments. The defined benefit retirement plan assets consist primarily of equity and debt securities. Our asset allocations by asset category were as follows: December 31, 2020 2019 Equity securities 39.5 % 39.1 % Debt securities 56.1 57.5 Other 4.4 3.4 Total 100.0 % 100.0 % Equity securities included the Company's common stock in the amount of $0.1 million at December 31, 2020 and 2019. Our investment strategy for the defined benefit retirement plan is to maximize the long-term rate of return on plan assets while maintaining an acceptable level of risk. The investment policy establishes a target allocation for each asset class that is reviewed periodically and rebalanced when considered appropriate. The fair values of the defined benefit retirement plan as of December 31, 2020 and 2019 by asset category were as follows: (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2020 Money market accounts $ 928 $ — $ — $ 928 Mutual funds 13,462 — — 13,462 Government obligations — 2,334 — 2,334 Common stocks 1,993 — — 1,993 Preferred stocks 260 — — 260 Corporate bonds and debentures — 2,176 — 2,176 Total $ 16,643 $ 4,510 $ — $ 21,153 (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2019 Money market accounts $ 727 $ — $ — $ 727 Mutual funds 13,434 — — 13,434 Government obligations — 2,587 — 2,587 Common stocks 2,475 — — 2,475 Preferred stocks 173 — — 173 Corporate bonds and debentures — 1,913 — 1,913 Total $ 16,809 $ 4,500 $ — $ 21,309 We are not required by funding regulations or laws to make any contributions to our defined benefit retirement plan in 2021. Estimated future benefit payments in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 1,628 2022 1,576 2023 1,518 2024 1,486 2025 1,448 2026-2030 6,267 Total $ 13,923 Supplemental Executive Retirement Plans In 1995, 2001, 2004 and 2006, our bank established Supplemental Executive Retirement Plans ("SERP") that provide certain officers of the Company with supplemental retirement benefits. On December 31, 2002, the 1995 and 2001 SERP were curtailed. In conjunction with the merger with CB Bancshares, Inc. ("CBBI"), we assumed CBBI's SERP obligation. The following tables set forth information pertaining to the SERP: Year Ended December 31, (Dollars in thousands) 2020 2019 Change in benefit obligation Benefit obligation at beginning of year $ 11,971 $ 10,355 Interest cost 341 430 Actuarial (gains) losses 737 1,517 Benefits paid (309) (331) Benefit obligation at end of year 12,740 11,971 Change in plan assets Fair value of plan assets at beginning of year — — Employer contributions 309 331 Benefits paid (309) (331) Fair value of plan assets at end of year — — Funded status at end of year $ (12,740) $ (11,971) Amounts recognized in AOCI Net transition obligation $ (44) $ (64) Prior service cost — (14) Net actuarial losses (3,070) (2,583) Total amounts recognized in AOCI $ (3,114) $ (2,661) Benefit obligation actuarial assumptions Weighted average discount rate 2.1 % 3.0 % Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Components of net periodic benefit cost Interest cost $ 341 $ 430 $ 389 Amortization of net actuarial (gains) losses 251 16 174 Amortization of net transition obligation 18 18 18 Amortization of prior service cost 14 18 18 Net periodic benefit cost $ 624 $ 482 $ 599 Net periodic cost actuarial assumptions Weighted average discount rate 3.1 % 4.2 % 3.5 % The SERP holds no plan assets other than employer contributions that are paid as benefits during the year. We expect to contribute $0.3 million to the SERP in 2021. Estimated future benefit payments reflecting expected future service for the SERP in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 304 2022 471 2023 640 2024 629 2025 617 2026-2030 4,334 Total $ 6,995

401(K) RETIREMENT SAVINGS PLAN

401(K) RETIREMENT SAVINGS PLAN	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
401(K) RETIREMENT SAVINGS PLAN	18. 401(K) RETIREMENT SAVINGS PLAN We maintain a 401(k) Retirement Savings Plan ("Retirement Savings Plan") that covers substantially all employees of the Company. The Retirement Savings Plan allows employees to direct their own investments among a selection of investment alternatives and is funded by employee elective deferrals, employer matching contributions and employer discretionary contributions. We have the option of making regular matching contributions on employee's elective deferrals. The Company has sole discretion in determining the percentage to be matched, subject to limitations of the Internal Revenue Code. From January 1, 2020 to June 30, 2020, we matched 100% of an employee's elective deferrals, up to 4% of the employee's pay each pay period. Effective July 1, 2020, we temporarily suspended matching contributions due to economic uncertainty in the wake of the COVID-19 pandemic. In lieu of matching contributions, we provided an equity grant of the Company's common stock to all 401(k)-eligible employees as of June 30, 2020 that will vest ratably over three years. The equity grants were made outside of the Retirement Savings Plan. We also have the option of making discretionary contributions into the Retirement Savings Plan. The Company has sole discretion in determining the discretionary contribution, subject to limitations of the Internal Revenue Code. On December 31, 2020, we made a discretionary contribution to all 401(k)-eligible employees, excluding Executive Committee and Managing Committee members, of 2% of the employee's eligible compensation, up to $1,250 per employee. We did not make any discretionary contributions in 2019 and 2018.

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2020
Leases, Operating [Abstract]
OPERATING LEASES	19. OPERATING LEASES We lease certain property and equipment with lease terms expiring through 2045. In some instances, a lease may contain renewal options for periods ranging from five "Leases" . Certain leases also contain variable payments that are primarily determined based on common area maintenance costs and Hawaii state tax rates. All leases are operating leases and we do not include any short-term leases in the calculation of the right-of-use assets and lease liabilities. The most significant assumption related to the Company’s application of ASC 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company uses the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability. Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated: Year Ended December 31, (Dollars in thousands) 2020 2019 Lease cost: Operating lease cost $ 6,621 $ 6,514 Variable lease cost 2,689 2,637 Less: sublease income (15) (44) Total lease cost $ 9,295 9,107 Other information: Operating cash flows from operating leases $ (6,371) $ (6,230) Weighted-average remaining lease term - operating leases 11.91 years 13.51 years Weighted-average discount rate - operating leases 3.89 % 3.92 % The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the next five succeeding fiscal years and all years thereafter: (Dollars in thousands) Year Ending December 31, Undiscounted Cash Flows Lease Liability Expense Lease Liability Reduction 2021 $ 6,408 $ 1,726 $ 4,682 2022 5,954 1,559 4,395 2023 5,396 1,405 3,991 2024 5,091 1,262 3,829 2025 4,795 1,117 3,678 Thereafter 32,086 5,470 26,616 Total $ 59,730 $ 12,539 $ 47,191 In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following represents lease income related to these leases that was recognized for the periods indicated: Year Ended December 31, (Dollars in thousands) 2020 2019 Total rental income recognized $ 2,071 2,098 Based on the Company's leases as lessor as of December 31, 2020, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31, 2021 $ 2,177 2022 1,772 2023 772 2024 264 2025 135 Thereafter 190 Total $ 5,310 Net rent expense for all operating leases for the year ended December 31, 2018 is summarized as follows: Year Ended December 31, (Dollars in thousands) 2018 Rent expense charged to net occupancy $ 8,578 Less: sublease income (41) Net rent expense charged to net occupancy 8,537 Add: rent expense charged to equipment expense 12 Total net rent expense $ 8,549

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	20. INCOME TAXES Components of income tax expense (benefit) for the years ended December 31, 2020, 2019 and 2018 were as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Current expense: Federal $ 22,014 $ 23,359 $ 10,812 State 2,833 211 72 Total current 24,847 23,570 10,884 Deferred expense: Federal (12,952) (8,970) 2,137 State (135) 5,005 5,737 Total deferred (13,087) (3,965) 7,874 Provision for income taxes $ 11,760 $ 19,605 $ 18,758 On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law to provide certain relief as a result of COVID-19. As of December 31, 2020, the Company has determined that neither the CARES Act nor changes to income tax laws or regulations in other jurisdictions have a significant impact on income tax expense. On December 27, 2020, the Consolidated Appropriations Act, 2021 was signed into law and extends several provisions of the CARES Act. As of December 31, 2020, the Company has determined that neither this Act nor changes to income tax laws or regulations in other jurisdictions have a significant impact on income tax expense. On December 22, 2017, H.R.1, commonly referred to as the Tax Cuts and Jobs Act (“Tax Reform”) was signed into law making significant changes to the U.S. federal tax code. The most impactful component of the legislation, as related to the Company, included a decrease in the current U.S. federal corporate tax rate from 35% to 21% for the year beginning January 1, 2018. While the most significant impacts of the law change were recorded when the law was enacted in 2017, in 2018, the Company recorded an income tax benefit of $1.5 million related to the finalization of the impact of Tax Reform, which also included the impact of a tax method change for software development and prepaid expenses that was filed in 2018. Income tax expense (benefit) for the periods presented differed from the "expected" tax expense (computed by applying the U.S. federal corporate tax rate of 21% for the years ended December 31, 2020, 2019 and December 31, 2018, to income (loss) before income taxes) for the following reasons: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Computed "expected" tax expense (benefit) $ 10,297 $ 16,365 $ 16,430 Increase (decrease) in taxes resulting from: Tax-exempt interest income (528) (675) (808) Other tax-exempt income (799) (652) (445) Low-income housing and energy tax credits (332) (182) 35 State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance 2,590 4,345 4,756 Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense (22) (41) 140 Impact of Tax Reform on net deferred tax assets — — (1,542) Other, net 554 445 192 Total $ 11,760 $ 19,605 $ 18,758 The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows: December 31, (Dollars in thousands) 2020 2019 Deferred tax assets Lease liability $ 12,624 $ 14,095 Allowance for credit losses 17,576 10,136 Accrued expenses 2,447 1,795 Employee retirement benefits 3,143 2,847 Federal and state tax credit carryforwards — 1,821 State net operating loss carryforwards 3,134 3,181 Restricted stock and non-qualified stock options 963 954 Premises and equipment 3,996 3,365 Other 4,787 2,488 Total deferred tax assets 48,670 40,682 Deferred tax liabilities Right-of-use lease asset 12,267 14,019 Intangible assets 3,174 3,941 Other 3,383 2,761 Total deferred tax liabilities 18,824 20,721 Less: Deferred tax valuation allowance 3,398 3,420 Net deferred tax assets $ 26,448 $ 16,541 In assessing the realizability of our net DTA, management considers whether it is more likely than not that some portion or all of the DTA will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income and tax-planning strategies in making this assessment. As of December 31, 2020, the valuation allowance on our net DTA totaled $3.4 million, of which $3.2 million related to our DTA from net apportioned net operating loss ("NOL") carryforwards for California state income tax purposes as we do not expect to generate sufficient income in California to utilize the DTA. The remaining $0.2 million relates to a valuation allowance on a Hawaii capital loss carry forward balance of $6.2 million that we do not expect to be able to utilize. The net change in the valuation allowance was a decrease of $22 thousand in 2020, compared to a decrease of $41 thousand in 2019. Net of this valuation allowance, the Company's net DTA totaled $26.4 million as of December 31, 2020, compared to a net DTA of $16.5 million as of December 31, 2019. At December 31, 2020, the Company had NOL carryforwards for California state income tax purposes of $36.6 million, which are available to offset future state taxable income. California NOL carryforwards will expire if not utilized beginning in 2028. The Company does not have any NOL carryforwards for U.S. federal or Hawaii state income tax purposes. In addition, the Hawaii tax credit carried forward from prior year was fully utilized in the current year. At December 31, 2020, we have no material unrecognized tax benefits that, if recognized would favorably affect the effective income tax rate in future periods. We do not expect our unrecognized tax benefits to change significantly over the next 12 months. We are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions. Taxable years through 2016 are closed.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018, by component: (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 15,939 $ 4,260 $ 11,679 Add: Reclassification adjustment for losses realized in net income 201 54 147 Net unrealized gains on investment securities 16,140 4,314 11,826 Defined benefit plans: Net actuarial losses arising during the period (1,488) (508) (980) Amortization of net actuarial losses 1,160 310 850 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 14 4 10 Defined benefit plans, net (296) (189) (107) Other comprehensive income $ 15,844 $ 4,125 $ 11,719 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 37,696 $ 10,102 $ 27,594 Less: Reclassification adjustment for gains realized in net income (36) (10) (26) Net unrealized gains on investment securities 37,660 10,092 27,568 Defined benefit plans: Net actuarial losses arising during the period (1,106) (296) (810) Amortization of net actuarial losses 1,117 299 818 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 47 13 34 Other comprehensive income $ 37,707 $ 10,105 $ 27,602 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2018 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (19,063) $ (5,145) $ (13,918) Add: Reclassification adjustment for losses realized in net income (279) (75) (204) Net unrealized losses on investment securities (19,342) (5,220) (14,122) Defined benefit plans: Net actuarial gains arising during the period 264 71 193 Amortization of net actuarial losses 1,153 329 824 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 1,453 410 1,043 Other comprehensive loss $ (17,889) $ (4,810) $ (13,079) The following table presents the changes in each component of AOCI, net of tax, for the years ended December 31, 2020, 2019 and 2018: (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income (loss) before reclassifications 11,679 (980) 10,699 Amounts reclassified from AOCI 147 873 1,020 Net other comprehensive income (loss) 11,826 (107) 11,719 Balance at end of period $ 26,651 $ (6,523) $ 20,128 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive income (loss) before reclassifications 27,594 (810) 26,784 Amounts reclassified from AOCI (26) 844 818 Net other comprehensive income (loss) 27,568 34 27,602 Balance at end of period $ 14,825 $ (6,416) $ 8,409 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2018 Balance at beginning of period $ 5,073 $ (6,112) $ (1,039) Impact of adoption of new accounting standards (139) — (139) Adjusted balance at beginning of period 4,934 (6,112) (1,178) Impact of adoption of new accounting standards (455) (1,381) (1,836) Other comprehensive income (loss) before reclassifications (13,918) 193 (13,725) Amounts reclassified from AOCI (204) 850 646 Total other comprehensive income (loss) (14,122) 1,043 (13,079) Balance at end of period $ (9,643) $ (6,450) $ (16,093) The following table presents the amounts reclassified out of each component of AOCI for the years ended December 31, 2020, 2019 and 2018: Amount Reclassified from AOCI Affected Line Item in the Year ended December 31, Statement Where Net Details about AOCI Components 2020 2019 2018 Income is Presented (Dollars in thousands) Sale of available-for-sale investment securities: Realized gains (losses) on available-for-sale investment securities $ (201) $ 36 $ 279 Net gains (losses) on sales of investment securities Tax effect 54 (10) (75) Income tax benefit (expense) Net of tax $ (147) $ 26 $ 204 Defined benefit plan items: Amortization of net actuarial losses $ (1,160) $ (1,117) $ (1,153) Salaries and employee benefits (1) Amortization of net transition obligation (18) (18) (18) Salaries and employee benefits (1) Amortization of prior service cost (14) (18) (18) Salaries and employee benefits (1) Total before tax (1,192) (1,153) (1,189) Tax effect 319 309 339 Income tax expense Net of tax $ (873) $ (844) $ (850) Total reclassifications, net of tax $ (1,020) $ (818) $ (646) (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 17 - Pension Plans for additional details).

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	22. EARNINGS PER SHARE The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, (In thousands, except per share data) 2020 2019 2018 Net income $ 37,273 $ 58,322 $ 59,486 Weighted average shares outstanding for basic earnings per share 28,074,543 28,495,699 29,409,683 Add: Dilutive effect of employee stock options and awards 106,033 181,401 200,224 Weighted average shares outstanding for diluted earnings per share 28,180,576 28,677,100 29,609,907 Basic earnings per share $ 1.33 $ 2.05 $ 2.02 Diluted earnings per share $ 1.32 $ 2.03 $ 2.01

CONTINGENT LIABILITIES AND OTHE

CONTINGENT LIABILITIES AND OTHER COMMITMENTS	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENT LIABILITIES AND OTHER COMMITMENTS	23. CONTINGENT LIABILITIES AND OTHER COMMITMENTS The Company and its subsidiaries are involved in legal actions arising in the ordinary course of business. Management, after consultation with legal counsel, believes the ultimate disposition of those matters will not have a material adverse effect on our consolidated financial statements. In the normal course of business there are outstanding contingent liabilities and other commitments such as unused letters of credit and items held for collections, which are not reflected in the accompanying consolidated financial statements. Management does not anticipate any material losses as a result of these transactions.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	24. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK We are a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of our customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees written, forward foreign exchange contracts, interest rate contracts, and risk participation agreements. Those instruments involve, to varying degrees, elements of credit, interest rate and foreign exchange risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement we have in particular classes of financial instruments. Our exposure to credit loss in the event of nonperformance by the counter-party to the financial instrument for commitments to extend credit and standby letters of credit and financial guarantees written is represented by the contractual amount of those instruments. For forward foreign exchange contracts and interest rate contracts, the contract amounts do not represent exposure to credit loss. We control the credit risk of these contracts through credit approvals, limits and monitoring procedures. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation of the counter-party. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit and financial guarantees written are conditional commitments issued by us to guarantee the performance of a customer to a third-party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. We hold collateral supporting those commitments for which collateral is deemed necessary. Interest rate options issued on residential mortgage loans expose us to interest rate risk, which is economically hedged with forward interest rate contracts. These derivatives are carried at fair value with changes in fair value recorded as a component of mortgage banking income in other operating income in the consolidated statements of income. The amount of interest rate options fluctuates based on residential mortgage volume. Forward interest rate contracts represent commitments to purchase or sell loans at a future date at a specified price. We enter into forward interest rate contracts on our residential mortgage held for sale loans. These derivatives are carried at fair value with changes in fair value recorded as a component of mortgage banking income in other operating income in the consolidated statements of income. Risks arise from the possible inability of counter-parties to meet the terms of their contracts and from movements in market rates. Management reviews and approves the creditworthiness of the counter-parties to its forward interest rate contracts. Risk participation agreements represent agreements with a financial institution counterparty for interest rate swaps related to loans in which we participate. These derivatives are carried at fair value with changes in fair value recorded as a component of other service charges and fees. The risk participation agreements entered into by us as a participant bank provide credit protection to the financial institution counterparty should the borrowers fail to perform on their interest rate derivative contracts with that financial institution. Forward foreign exchange contracts represent commitments to purchase or sell foreign currencies at a future date at a specified price. These derivatives are carried at fair value with changes in fair value recorded as a component of other operating income in the consolidated statements of income. Risks arise from the possible inability of counter-parties to meet the terms of their contracts and from movements in foreign currency exchange rates. Management reviews and approves the creditworthiness of its forward foreign exchange counter-parties. At December 31, 2020 and 2019, we did not have any forward foreign exchange contracts. At December 31, 2020 and 2019, financial instruments with off-balance sheet risk were as follows: December 31, (Dollars in thousands) 2020 2019 Notional amount of: Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 1,176,065 $ 1,089,135 Standby letters of credit and financial guarantees written 10,544 10,526 Notional amount of: Financial instruments whose contract amounts exceed the amount of credit risk: Interest rate options 714 625 Forward interest rate contracts 16,603 8,968 Risk participation agreements 37,762 —

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	25. FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES Disclosures about Fair Value of Financial Instruments Fair value estimates, methods and assumptions are set forth below for our financial instruments. Short-Term Financial Instruments The carrying values of short-term financial instruments are deemed to approximate fair values. Such instruments are considered readily convertible to cash and include cash and due from financial institutions, interest-bearing deposits in other financial institutions, accrued interest receivable, the majority of FHLB advances and other short-term borrowings, and accrued interest payable. Investment Securities The fair value of investment securities is based on market price quotations received from third-party pricing services. The third-party pricing services utilize pricing models supported with timely market data information. Where quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Loans Fair values of loans are estimated based on discounted cash flows of portfolios of loans with similar financial characteristics including the type of loan, interest terms and repayment history. Fair values are calculated by discounting scheduled cash flows through estimated maturities using estimated market discount rates. Estimated market discount rates are reflective of credit and interest rate risks inherent in the Company’s various loan types and are derived from available market information, as well as specific borrower information. As of December 31, 2020, the weighted average discount rate used in the valuation of loans was 3.41%. In accordance with ASU 2016-01, the fair value of loans as of December 31, 2020 and 2019 are based on the notion of exit price. Loans Held for Sale The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. We report the fair values of Hawaii and U.S. Mainland construction and commercial real estate loans, if any, net of applicable selling costs on our consolidated balance sheets. Deposit Liabilities The fair values of deposits with no stated maturity, such as noninterest-bearing demand deposits and interest-bearing demand and savings accounts, are equal to the amount payable on demand. The fair value of time deposits is estimated using discounted cash flow analyses. As of December 31, 2020, the weighted average discount rate used in the valuation of time deposits was 0.39%. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Long-Term Debt The fair value of our long-term debt is estimated by discounting scheduled cash flows over the contractual borrowing period at the estimated market rate for similar borrowing arrangements. As of December 31, 2020, the weighted average discount rate used in the valuation of long-term debt was 5.19%. Derivatives The fair values of derivative financial instruments are based upon current market values, if available. If there are no relevant comparables, fair values are based on pricing models using current assumptions for interest rate swaps and options. Off-Balance Sheet Financial Instruments The fair values of off-balance sheet financial instruments are estimated based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties, current settlement values or quoted market prices of comparable instruments. Limitations Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of future business and the value of assets and liabilities that are not considered financial instruments. For example, significant assets and liabilities that are not considered financial assets or liabilities include deferred tax assets and liabilities and premises and equipment. Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from financial institutions $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other financial institutions 6,521 6,521 6,521 — — Investment securities 1,183,960 1,183,960 1,351 1,170,283 12,326 Loans held for sale 16,687 16,687 — 16,687 — Loans, net of ACL 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings deposits 3,106,931 3,106,931 3,106,931 — — Time deposits 898,918 899,562 — — 899,562 FHLB advances and other short-term borrowings 22,000 22,000 — 22,000 — Long-term debt 105,385 92,488 — — 92,488 Accrued interest payable (included in other liabilities) 1,727 1,727 1,727 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Off-balance sheet financial instruments: Commitments to extend credit $ 1,176,065 $ 1,313 $ 1,313 $ — $ 1,313 $ — Standby letters of credit and financial guarantees written 10,544 158 158 — 158 — Derivatives: Interest rate lock commitments 714 18 18 — 18 — Forward sale commitments 16,603 (115) (115) — (115) — Risk participation agreements 37,762 (48) (48) — — (48) Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Financial assets: Cash and due from financial institutions $ 78,418 $ 78,418 $ 78,418 $ — $ — Interest-bearing deposits in other financial institutions 24,554 24,554 24,554 — — Investment securities 1,128,110 1,128,110 1,127 1,115,728 11,255 Loans held for sale 9,083 9,083 — 9,083 — Loans, net of ACL 4,401,569 4,392,477 — — 4,392,477 Accrued interest receivable 16,500 16,500 16,500 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,450,532 1,450,532 1,450,532 — — Interest-bearing demand and savings deposits 2,643,038 2,643,038 2,643,038 — — Time deposits 1,026,453 1,023,362 — — 1,023,362 FHLB advances and other short-term borrowings 150,000 150,000 — 150,000 — Long-term debt 101,547 97,827 — 97,827 — Accrued interest payable (included in other liabilities) 4,288 4,288 4,288 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Off-balance sheet financial instruments: Commitments to extend credit $ 1,089,135 $ 1,230 $ 1,230 $ — $ 1,230 $ — Standby letters of credit and financial guarantees written 10,526 158 158 — 158 — Derivatives: Interest rate lock commitments 625 8 8 — 8 — Forward sale commitments 8,968 (28) (28) — (28) — Fair Value Measurements We group our financial assets and liabilities at fair value into three levels based on the markets in which the financial assets and liabilities are traded and the reliability of the assumptions used to determine fair value as follows: • Level 1 — Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities traded in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. • Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models and similar techniques that requires the use of significant judgment or estimation. We base our fair values on the price that we would expect to receive if an asset were sold or pay to transfer a liability in an orderly transaction between market participants at the measurement date. We also maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. We use fair value measurements to record adjustments to certain financial assets and liabilities and to determine fair value disclosures. Available-for-sale investment securities and derivatives are recorded at fair value on a recurring basis. From time to time, we may be required to record other financial assets at fair value on a nonrecurring basis such as loans held for sale, impaired loans and mortgage servicing rights. These nonrecurring fair value adjustments typically involve application of the lower of cost or fair value accounting or write-downs of individual assets. There was one transfer into Level 3 of the fair value hierarchy for long-term debt during the year ended December 31, 2020. There were no transfers of financials assets and liabilities out of Level 3 of the fair value hierarchy during the year ended December 31, 2020. The following table below presents the fair value of assets and liabilities measured on a recurring basis: Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2020 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 168,766 $ — $ 157,429 $ 11,337 Corporate securities 48,008 — 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,145 — 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 778,826 — 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 23,423 — 22,434 989 Commercial - U.S. GSEs and agencies 87,469 — 87,469 — Commercial - Non-GSEs 42,972 — 42,972 — Equity securities 1,351 1,351 — — Derivatives: Interest rate lock and forward sale commitments (145) — (97) (48) Total $ 1,183,815 $ 1,351 $ 1,170,186 $ 12,278 Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2019 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 122,018 $ — $ 110,763 $ 11,255 Corporate securities 30,529 — 30,529 — U.S. Treasury obligations and direct obligations of U.S Government agencies 40,381 — 40,381 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 677,822 — 677,822 — Residential - Non-government sponsored entities ("Non-GSEs") 37,191 — 37,191 — Commercial - U.S. GSEs and agencies 81,225 — 81,225 — Commercial - Non-GSEs 137,817 — 137,817 — Equity securities 1,127 1,127 — — Derivatives: Interest rate lock and forward sale commitments (20) — (20) — Total $ 1,128,090 $ 1,127 $ 1,115,708 $ 11,255 The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: Available-For-Sale Debt Securities: (Dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Total Balance as of December 31, 2018 $ 11,169 $ — $ 11,169 Principal payments received (400) — (400) Purchases — — — Unrealized net gain included in other comprehensive income 486 — 486 Balance as of December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (428) — (428) Purchases — 989 989 Unrealized net gain included in other comprehensive income 510 — 510 Balance as of December 31, 2020 $ 11,337 $ 989 $ 12,326 Within the state and political subdivisions debt securities category, the Company holds four mortgage revenue bonds issued by the City and County of Honolulu with an aggregate fair value of $11.3 million and $11.3 million at December 31, 2020 and 2019, respectively. Within the residential non-government agency available-for-sale debt securities category, the Company purchased two mortgage backed bonds issued by Habitat for Humanity with a fair value of $1.0 million during the year ended December 31, 2020. The Company estimates the aggregate fair value of $12.3 million by using a discounted cash flow model to calculate the present value of estimated future principal and interest payments. The significant unobservable input used in the fair value measurement of the Company’s mortgage revenue bonds and Habitat for Humanity mortgage backed bonds is the weighted average discount rate. As of December 31, 2020, the weighted average discount rate utilized was 2.83%, which was derived by incorporating a credit spread over the FHLB Fixed-Rate Advance curve. Significant increases (decreases) in the weighted average discount rate could result in a significantly lower (higher) fair value measurement. The following table presents the fair value of assets measured on a nonrecurring basis and the level of valuation assumptions used to determine the respective fair values: Fair Value Measurements Using (Dollars in thousands) Fair Value Quoted Prices Significant Significant Total December 31, 2020 Other real estate (1) $ — $ — $ — $ — $ — Total $ — December 31, 2019 Other real estate (1) $ 164 $ — $ 164 $ — $ — Total $ — (1) Represents other real estate that is carried at fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

PARENT COMPANY AND REGULATORY R

PARENT COMPANY AND REGULATORY RESTRICTIONS	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY AND REGULATORY RESTRICTIONS	26. PARENT COMPANY AND REGULATORY RESTRICTIONS At December 31, 2020, the accumulated deficit of the parent company, Central Pacific Financial Corp., included $399.1 million of equity in undistributed losses of Central Pacific Bank. Central Pacific Bank, as a Hawaii state-chartered bank, may only pay dividends to the extent it has retained earnings as defined under Hawaii banking law ("Statutory Retained Earnings"), which differs from GAAP retained earnings. As of December 31, 2020, the bank had Statutory Retained Earnings of $82.5 million. For further information, see Note 13 - Equity. The Company and the bank are subject to various regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks ("Basel III rules") became effective for the Company on January 1, 2015, and were fully phased in on January 1, 2019. Under the Basel III rules, the Company must hold a "capital conservation buffer" above the adequately capitalized risk-based capital ratios. The capital conservation buffer was phased in at the rate of 0.625% per year from 0.625% in 2016 to 2.50% on January 1, 2019. The capital conservation buffer for 2019, 2018 and 2017 was 2.50%, 1.875% and 1.25%, respectively. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. Management believes as of December 31, 2020, the Company and bank met all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, under-capitalized, significantly under-capitalized, and critically under-capitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If under-capitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2020 and 2019, the most recent regulatory notifications categorized the bank as "well-capitalized" under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The following table sets forth actual and required capital and capital ratios for the Company and the bank, as well as the minimum capital adequacy requirements applicable generally to all financial institutions as of the dates indicated. Actual Minimum required for Minimum required to (Dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio Company As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) $ 581,358 8.8 % $ 263,979 4.0 % N/A Tier 1 capital to risk-weighted assets 581,358 12.9 271,027 6.0 N/A Total capital to risk-weighted assets 686,130 15.2 361,369 8.0 N/A Common equity tier 1 ("CET1") capital to risk-weighted assets 531,358 11.8 203,270 4.5 N/A As of December 31, 2019 Tier 1 capital to avg. assets (leverage ratio) 568,529 9.5 238,630 4.0 N/A Tier 1 capital to risk-weighted assets 568,529 12.6 271,788 6.0 N/A Total capital to risk-weighted assets 617,772 13.6 362,384 8.0 N/A CET1 capital to risk-weighted assets 518,529 11.5 203,841 4.5 N/A Central Pacific Bank As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) $ 620,372 9.4 % $ 263,735 4.0 % $ 329,668 5.0 % Tier 1 capital to risk-weighted assets 620,372 13.7 270,820 6.0 361,094 8.0 Total capital to risk-weighted assets 670,087 14.9 361,094 8.0 451,367 10.0 CET1 capital to risk-weighted assets 620,372 13.7 203,115 4.5 293,389 6.5 As of December 31, 2019 Tier 1 capital to avg. assets (leverage ratio) 556,077 9.3 238,342 4.0 297,928 5.0 Tier 1 capital to risk-weighted assets 556,077 12.3 271,350 6.0 361,800 8.0 Total capital to risk-weighted assets 605,320 13.4 361,800 8.0 452,250 10.0 CET1 capital to risk-weighted assets 556,077 12.3 203,512 4.5 293,962 6.5 (1) Under the Basel III Capital Rules, the Company and the bank must also maintain the required Capital Conservation Buffer ("CCB") to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. The CCB is calculated as a ratio of CET1 capital to risk-weighted assets, and effectively increases the required minimum risk-based capital ratios. The CCB requirement was phased in over a three-year period that began on January 1, 2016. The phase-in period ended on January 1, 2019, and the CCB is now at its fully phased-in level of 2.5%. Condensed financial statements of the parent company are as follows: CENTRAL PACIFIC FINANCIAL CORP. CONDENSED BALANCE SHEETS December 31, (Dollars in thousands) 2020 2019 Assets Cash and cash equivalents $ 11,184 $ 10,634 Equity investment securities, at fair value 1,351 1,127 Investment in subsidiary bank 635,673 564,460 Other assets 8,575 8,354 Total assets $ 656,783 $ 584,575 Liabilities and Equity Long-term debt $ 105,385 $ 51,547 Other liabilities 4,713 4,508 Total liabilities 110,098 56,055 Total shareholders’ equity 546,685 528,520 Total equity 546,685 528,520 Total liabilities and equity $ 656,783 $ 584,575 CENTRAL PACIFIC FINANCIAL CORP. CONDENSED STATEMENTS OF INCOME Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Income: Dividends from subsidiary bank $ 24,015 $ 42,008 $ 103,001 Interest income from subsidiary bank 4 5 5 Other income 52 92 160 Total income 24,071 42,105 103,166 Expense: Interest expense on long-term debt 2,095 2,453 4,338 Other expenses 1,293 2,599 1,617 Total expenses 3,388 5,052 5,955 Income before income taxes and equity in undistributed income of subsidiaries 20,683 37,053 97,211 Income tax expense (benefit) (690) (1,289) (1,261) Income before equity in undistributed income of subsidiaries 21,373 38,342 98,472 Equity in undistributed income (loss) of subsidiary bank 15,900 19,980 (38,986) Net income $ 37,273 $ 58,322 $ 59,486 CENTRAL PACIFIC FINANCIAL CORP. CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Cash flows from operating activities: Net income $ 37,273 $ 58,322 $ 59,486 Adjustments to reconcile net income to net cash provided by operating activities: Deferred income tax expense (benefit) 2,552 3,055 450 Net change in dividends receivable from subsidiary bank — 21,004 (21,004) Equity in undistributed loss (income) of subsidiary bank (15,900) (19,980) 38,986 Share-based compensation expense 3,231 2,735 2,778 Net change in other assets and liabilities (3,010) (2,900) (920) Net cash provided by operating activities 24,146 62,236 79,776 Cash flows from investing activities: Contributions to subsidiary bank (46,750) — — Distributions from unconsolidated subsidiaries — 622 622 Net cash provided by (used in) investing activities (46,750) 622 622 Cash flows from financing activities: Net proceeds from issuance of common stock and stock option exercises — 151 — Net proceeds from subordinated debt 53,838 — — Repayments of long-term debt — (20,619) (20,619) Repurchases of common stock (4,749) (22,793) (32,824) Cash dividends paid on common stock (25,935) (25,706) (24,143) Net cash provided by (used in) financing activities 23,154 (68,967) (77,586) Net increase (decrease) in cash and cash equivalents 550 (6,109) 2,812 Cash and cash equivalents at beginning of year 10,634 16,743 13,931 Cash and cash equivalents at end of year $ 11,184 $ 10,634 $ 16,743

UNAUDITED QUARTERLY FINANCIAL I

UNAUDITED QUARTERLY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY FINANCIAL INFORMATION	27. UNAUDITED QUARTERLY FINANCIAL INFORMATION (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2020 Total interest income $ 53,814 $ 52,950 $ 51,753 $ 53,901 $ 212,418 Total interest expense 5,984 3,691 2,633 2,427 14,735 Net interest income 47,830 49,259 49,120 51,474 197,683 Provision (credit) for credit losses 9,329 10,640 14,652 4,496 39,117 Net interest income after provision (credit) for credit losses 38,501 38,619 34,468 46,978 158,566 Other operating income 8,886 10,692 11,563 14,057 45,198 Other operating expense 36,240 36,427 36,972 45,092 154,731 Income before income taxes 11,147 12,884 9,059 15,943 49,033 Income tax expense 2,821 2,967 2,200 3,772 11,760 Net income $ 8,326 $ 9,917 $ 6,859 $ 12,171 $ 37,273 Per Common Share: Basic earnings per share $ 0.30 $ 0.35 $ 0.24 $ 0.43 $ 1.33 Diluted earnings per share 0.29 0.35 0.24 0.43 1.32 Dividends declared per share 0.23 0.23 0.23 0.23 0.92 Performance Ratios: Return on average assets (ROA) 0.55 % 0.61 % 0.42 % 0.74 % 0.58 % Return on average equity (ROE) 6.21 % 7.34 % 4.99 % 8.87 % 6.85 % Efficiency Ratio 63.90 % 60.76 % 60.93 % 68.81 % 63.71 % Net Interest Margin 3.43 % 3.26 % 3.19 % 3.32 % 3.30 % (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2019 Total interest income $ 53,141 $ 54,105 $ 53,980 $ 55,157 $ 216,383 Total interest expense 8,028 8,727 8,331 7,223 32,309 Net interest income 45,113 45,378 45,649 47,934 184,074 Provision (credit) for credit losses 1,283 1,404 1,532 2,098 6,317 Net interest income after provision (credit) for credit losses 43,830 43,974 44,117 45,836 177,757 Other operating income 11,673 10,094 10,266 9,768 41,801 Other operating expense 34,348 36,107 34,934 36,242 141,631 Income before income taxes 21,155 17,961 19,449 19,362 77,927 Income tax expense 5,118 4,427 4,895 5,165 19,605 Net income $ 16,037 $ 13,534 $ 14,554 $ 14,197 $ 58,322 Per Common Share Basic earnings per share $ 0.56 $ 0.47 $ 0.51 $ 0.50 $ 2.05 Diluted earnings per share 0.55 0.47 0.51 0.50 2.03 Dividends declared per share 0.21 0.23 0.23 0.23 0.90 Performance Ratios Return on average assets (ROA) 1.10 % 0.92 % 0.99 % 0.95 % 0.99 % Return on average equity (ROE) 12.97 % 10.73 % 11.11 % 10.70 % 11.36 % Efficiency Ratio 60.49 % 65.09 % 62.48 % 62.81 % 62.70 % Net Interest Margin 3.34 % 3.33 % 3.30 % 3.43 % 3.35 %

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	28. SUBSEQUENT EVENTS In January 2021, the Board of Directors authorized the repurchase of up to $25.0 million of its common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program. The share repurchase program replaced and superseded in its entirety the 2020 Repurchase Plan. The 2020 Repurchase Plan had $26.6 million in remaining repurchase authority as of December 31, 2020.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation. These reclassifications did not impact net income, the consolidated balance sheets and the consolidated statements of cash flows.
Change in Operating Segments and Reclassifications	Change in Operating Segments and Reclassifications In the first quarter of 2020, the Company reassessed the alignment of its reportable segments and combined its three reportable segments (Banking Operations, Treasury and All Others segments) into a single operating segment. We believe this change better reflects how the Company's Executive Committee, or its chief operating decision maker ("CODM"), manages, allocates resources and assesses performance of the activities of the Company. The Company also believes that this change is better aligned with how the Company's CODM manages its business. Segment results for 2019 have been reclassified to reflect the realignment of the Company’s reportable segments and be comparable to the segment results for 2020. This change in reportable segments did not have an impact on the Company's previously reported historical consolidated financial statements.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In January 2020, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, Oahu HomeLoans, LLC. The bank concluded that the investment meets the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." The bank also concluded that the entity meets the definition of a variable interest entity and that we are the primary beneficiary of the variable interest entity. Accordingly, the investment has been consolidated into our financial statements. We have 50% ownership interests in three other mortgage loan origination and brokerage companies which are accounted for using the equity method and are included in investment in unconsolidated subsidiaries: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. We also had a 50% ownership in Pacific Access Mortgage, LLC, which was terminated in 2017, and final payment of taxes and distributions to members was made in March 2018. We have low income housing tax credit partnership investments that are accounted for under the proportional amortization method and are included in investment in unconsolidated subsidiaries. We also have non-controlling equity investments in affiliates that are accounted for under the cost method and are also included in investment in unconsolidated subsidiaries. Our investments in unconsolidated subsidiaries accounted for under the equity, proportional amortization and cost methods were $0.3 million, $28.1 million and $1.6 million, respectively, at December 31, 2020 and $0.2 million, $15.3 million and $1.6 million, respectively, at December 31, 2019. Our policy for determining impairment of these investments includes an evaluation of whether a loss in value of an investment is other than temporary. Evidence of a loss in value includes absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. We perform impairment tests whenever indicators of impairment are present. If the value of an investment declines and it is considered other than temporary, the investment is written down to its respective fair value in the period in which this determination is made. The Company sponsors the Central Pacific Bank Foundation, which is not consolidated in the Company's financial statements. Risks and Uncertainties COVID-19 Pandemic In December 2019, a novel strain of coronavirus (“COVID-19”) was reported to have surfaced in Wuhan, China, and has since spread across the globe. In March 2020, the World Health Organization declared COVID-19 a global pandemic and the United States declared a National Public Health Emergency. The COVID-19 pandemic has severely impacted the level of economic activity in the local, national and global economies and financial markets. The pandemic has resulted in temporary closures of many businesses and the institution of social distancing and sheltering in place requirements in many states and communities. The Company and its customers have been adversely affected by the COVID-19 pandemic. The full extent to which the COVID - 19 pandemic negatively impacts the Company's business, results of operations, and financial condition, as well as its regulatory capital and liquidity ratios, is unknown at this time and will depend on future developments, including the scope and duration of the pandemic, effectiveness of vaccines, and actions taken by governmental authorities and other third parties in response to the pandemic. If the pandemic continues to be sustained, it may further adversely impact the Company and the State of Hawaii and impair the ability of the Company's customers to fulfill their contractual obligations to the Company. This could cause the Company to experience a material adverse effect on its business operations, asset valuations, financial condition, and results of operations. Material adverse effects may include all or a combination of losses in operations, higher provisions for credit losses and valuation impairments on the Company's investments, loans, mortgage servicing rights, deferred tax assets, or counter-party risk derivatives.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States ("GAAP") requires management to make estimates and assumptions that reflect the reported amounts of assets and liabilities and disclosures of contingent assets and contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance and provision for credit losses, reserve for credit losses on off-balance sheet credit exposures, deferred income tax assets and income tax expense, valuation of investment securities, mortgage servicing rights and the related amortization thereon, pension liability and the fair value of certain financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and due from financial institutions, interest-bearing deposits in other financial institutions, federal funds sold and all highly liquid investments with maturities of three months or less at the time of purchase. Net cash flows are reported for customer loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements.
Investment Securities	Investment Securities Investments in debt securities are designated as trading, available-for-sale ("AFS"), or held-to-maturity ("HTM"). Investments in debt securities are designated as HTM only if we have the positive intent and ability to hold these securities to maturity. HTM securities are reported at amortized cost in the consolidated balance sheets. Trading securities are reported at fair value, with changes in fair value included in net income. Debt securities not classified as HTM or trading are classified as AFS and are reported at fair value, with net unrealized gains and losses, net of applicable taxes, excluded from net income and included in accumulated other comprehensive income (loss) ("AOCI"). Equity securities with readily determinable fair values are carried at fair value, with changes in fair value included in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. The Company classifies its investment securities portfolio into the following major security types: mortgage-backed securities ("MBS"), other debt securities and equity securities. The Company’s MBS portfolio is comprised primarily of residential MBS issued by United States of America ("U.S.") government entities and agencies. These securities are either explicitly or implicitly guaranteed by an agency of the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The remainder of the MBS portfolio are commercial MBS issued by U.S government entities and agencies (which there is no minimum credit rating), non-agency residential MBS (which shall meet a minimum credit rating of AAA) and non-agency commercial MBS (which shall meet a minimum credit rating of BBB and meet minimum internal credit guidelines). The Company’s other debt securities portfolio is comprised of obligations issued by U.S. government entities and agencies, obligations issued by states and political subdivisions (which shall meet a minimum credit rating of BBB), and corporate bonds (which shall meet a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums to the earliest call date. We accrete discounts associated with investment securities using the effective interest method over the life of the respective security instrument. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on non-accrual status is reversed against current period interest income. There were no investment securities on nonaccrual status as of December 31, 2020 and the Company did not reverse any accrued interest against interest income during the year ended December 31, 2020. Allowance for Credit Losses (“ACL”) for AFS Debt Securities AFS debt securities in an unrealized loss position are evaluated for impairment at least quarterly. For AFS debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision (credit) for credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of December 31, 2020, the declines in market values of our AFS debt securities were primarily attributable to changes in interest rates and volatility in the financial markets. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, we do not believe a credit loss exists and an ACL was not recorded. The Company has made a policy election to exclude accrued interest receivable from the amortized cost basis of debt securities and report accrued interest receivable together with accrued interest on loans in the consolidated balance sheets. Accrued interest receivable on AFS debt securities totaled $3.9 million and $4.3 million as of December 31, 2020 and 2019, respectively. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. Accrued interest on HTM debt securities is reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. The Company did not have any HTM debt securities as of December 31, 2020.
Loans Held for Sale	Loans Held for Sale Loans held for sale consists of the following two types: (1) Hawaii residential mortgage loans that are originated with the intent to sell them in the secondary market and (2) non-residential mortgage loans in both Hawaii and the U.S. Mainland that were originated with the intent to be held in our portfolio but were subsequently transferred to the held for sale category. Hawaii residential mortgage loans classified as held for sale are carried at the lower of cost or fair value on an aggregate basis, while the non-residential Hawaii and U.S. Mainland loans are recorded at the lower of cost or fair value on an individual basis. Net fees and costs associated with originating and acquiring the Hawaii residential mortgage loans held for sale are deferred and included in the basis for determining the gain or loss on sales of loans held for sale. We report the fair values of the non-residential mortgage loans classified as held for sale net of applicable selling costs on our consolidated balance sheets. Loans originated with the intent to be held in our portfolio are subsequently transferred to held for sale when our intent to hold for the foreseeable future has changed. At the time of a loan's transfer to the held for sale account, the loan is recorded at the lower of cost or fair value. Any reduction in the loan's value is reflected as a write-down of the recorded investment resulting in a new cost basis, with a corresponding reduction in the allowance for credit losses. In subsequent periods, if the fair value of a loan classified as held for sale is less than its cost basis, a valuation adjustment is recognized in our consolidated statement of income in other operating expense and the carrying value of the loan is adjusted accordingly. The valuation adjustment may be recovered in the event that the fair value increases, which is also recognized in our consolidated statement of income in other operating expense. The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. Collateral values are determined based on appraisals received from qualified valuation professionals and are obtained periodically or when indicators that property values may be impaired are present.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $16.2 million and $12.0 million at December 31, 2020 and 2019, respectively, and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of Accounting Standards Update ("ASU") 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” the Company made the accounting policy election to not measure an estimate of credit losses on accrued interest receivable as the Company writes off any uncollectible accrued interest receivable in a timely manner. The Company believes COVID-19 modified loans have distinct risk characteristics that cause them to be monitored and assessed for credit risk differently than their unmodified counterparts. Thus, in the third quarter of 2020, the Company elected to reserve on the accrued interest receivable for loans on active payment forbearance or deferral. As a result, during the third quarter of 2020, the Company recorded a reserve of $0.2 million against accrued interest receivable with the offset recorded to provision for credit losses. The reserve remained unchanged at December 31, 2020 and will be reassessed quarterly. Nonaccrual Loans The Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. Loans are generally placed on nonaccrual status when principal and/or interest payments are 90 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. In December 2020, the Consolidated Appropriations Act, 2021 was signed into law. Section 541 of this legislation, “Extension of Temporary Relief From Troubled Debt Restructurings and Insurer Clarification,” extends Section 4013 of the CARES Act to the earlier of January 1, 2022 or 60 days after the termination of the national emergency declared relating to COVID-19. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic .
ACL for Loans	ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast for its economic forecast consideration. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry and is reasonable and supportable. It is updated at least monthly and includes a variety of upside and downside economic scenarios from the Baseline. Generally the Company will use the most recent Baseline forecast from Moody’s as of the balance sheet date. During times of economic and market volatility or instability, the Company may include a qualitative factor for forecast imprecision that factors in other potential economic scenarios available by Moody’s Analytics or may apply overrides to its statistical models to enhance the reasonableness of its loss estimates. The ACL is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by Federal Financial Institutions Examination Council ("FFIEC") Call Report codes. Loan pools are further segmented by risk utilizing risk ratings or bands of payment delinquency (including TDR or non-accrual status), depending on what is most appropriate for each segment. Additional sub-segmentation may be utilized to identify groups of loans with unique risk characteristics relative to the rest of the portfolio. The Company relies on a third-party platform which offers multiple methodologies to measure historical life-of-loan losses. The Company has also developed statistical models internally to incorporate future economic conditions and forecast expected credit losses based on various macro-economic indicators such as unemployment and income levels. The Company has identified the following portfolio segments to measure the allowance for credit losses. For all segments the economic forecast length is one year and reversion method is one year. Loan Segment Historical Lifetime Loss Method Historical Economic Reversion Method Construction Probability of Default/Loss Given Default ("PD/LGD") 2008-Present One Year One Year (straight-line basis) Commercial real estate Loss-Rate Migration 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural Loss-Rate Migration 2008-Present Home equity lines of credit Loss-Rate Migration 2008-Present Residential mortgage Loss-Rate Migration 2008-Present Consumer - other revolving Loss-Rate Migration 2008-Present Consumer - non-revolving Loss-Rate Migration 2008-Present Purchased Mainland portfolios (Dealer, Other consumer) Weighted-Average Remaining Maturity ("WARM") 2008-Present Below is a description and the risk characteristics of each segment: Construction loans Construction loans include both residential and commercial development projects. Each construction project is evaluated for economic viability and construction loans pose higher credit risks than typical secured loans. Financial strength of the borrower, completion risk (the risk that the project will not be completed on time and within budget) and geographic location are the predominant risk characteristics of this segment. Commercial real estate loans Commercial real estate loans are secured by commercial properties. The predominant risk characteristic of this segment is operating risk, which is the risk that the borrower will be unable to generate sufficient cash flows from the operation of the property. Interest rate conditions and the commercial real estate market through economic cycles also impact risk levels. Multi-family mortgage loans Multi-family mortgage loans can comprise multi-building properties with extensive amenities to a single building with no amenities. The primary risk characteristic of this segment is operating risk or the ability to generate sufficient rental cash flows from the operation of the property within the owner’s strategy and resources. Commercial, financial and agricultural loans Loans in this category consist primarily of term loans and lines of credit to small and middle-market businesses and professionals. The predominant risk characteristics of this segment are the cash flows of the business we lend to, global cash flows including guarantor liquidity, as well as economic and market conditions. The borrower’s business is typically regarded as the principal source of repayment, though our underwriting policy and practice generally requires secondary sources of support or collateral to mitigate risk. Paycheck Protection Program ("PPP") loans are also in this category and are considered lower risk as they are guaranteed by the Small Business Administration ("SBA") and may be forgivable in whole or in part in accordance with the requirements of the PPP. Residential mortgage loans Residential mortgage loans include fixed-rate and adjustable-rate loans primarily secured by single-family owner-occupied primary residences in Hawaii. Economic conditions such as unemployment levels, future changes in interest rates and other market factors impact the level of credit risk inherent in the portfolio. Home equity lines of credit Home equity lines of credit include fixed or floating interest rate loans and are secured by single-family owner-occupied primary residences in Hawaii. They are underwritten based on a minimum FICO score, maximum debt-to-income ratio, and maximum combined loan-to-value ratio. Home equity lines of credit are monitored based on credit score, delinquency, end of draw period and maturity. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving loans, including dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: Probability of Default ("PD")/Loss Given Default ("LGD") The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics such as Risk Rating, days past due, delinquency counters, TDR status and nonaccrual status to measure losses accurately. PD measures the count or dollar amount of loans that defaulted in a given cohort. LGD measures the losses related to the loans that defaulted. Total loss rate is calculated using the formula "PD times LGD". Migration Migration analysis is a cohort-based approach that measures cumulative net charge-offs over a defined time-horizon to calculate a loss rate that will be applied to the loan pool. Migration analysis requires the portfolio to be segmented into pools then further sub-segmented by risk characteristics such as risk rating, days past due, delinquency counters, TDR status and nonaccrual status to measure loss rates accurately. The key inputs to run a migration analysis are the length and frequency of the migration period, the dates for the migration periods to start and the number of migration periods used for the analysis. For each migration period, the analysis will determine the outstanding balance in each segment and/or sub-segment at the start of each period. These loans will then be followed for the length of the migration period to identify the amount of associated charge-offs and recoveries. A loss rate for each migration period is calculated using the formula 'net charge-offs over the period divided by beginning loan balance. Weighted-Average Remaining Maturity ("WARM") Under the WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool and then applying a loss rate which includes a forecast component over this remaining life. The methodology considers historical loss experience as well as a loss forecast expectation to estimate credit losses for the remaining balance of the loan pool. The calculated loss rate is applied to the contractual term (adjusted for prepayments) to determine the loan pool’s current expected credit losses. Other If a loan ceases to share similar risk characteristics with other loans in its segment, it will be moved to a different pool sharing similar risk characteristics. Loans that do not share risk characteristics are evaluated on an individual basis based on the fair value of the collateral or other approaches such as discounted cash flow (“DCF”) techniques. Loans evaluated individually are not included in the collective evaluation. Determining the Term
Reserve for Off-Balance Sheet Credit Exposure	Reserve for Off-Balance Sheet Credit Exposures The Company maintains a separate and distinct reserve for off-balance-sheet credit exposures which is included in other liabilities on the Company’s consolidated balance sheets. The Company estimates the amount of expected losses by calculating a commitment usage factor for letters of credit, non-revolving lines of credit, and revolving lines of credit over the remaining life during which the Company is exposed to credit risk via a contractual obligation to extend credit. Letters of credit are generally unlikely to advance since they are typically in place only to ensure various forms of performance of the borrowers. Many of the letters of credit are cash secured. Non-revolving lines of credit are determined to be likely to advance as these are typically construction lines. Meanwhile, the likelihood of revolving lines of credit advancing varies with each individual borrower. Therefore, the future usage of each line was estimated based on the average line utilization of the revolving line of credit portfolio as a whole.
Purchased Credit Deteriorated (“PCD”) Financial Assets	Purchased Credit Deteriorated (“PCD”) Financial Assets The Company has purchased financial assets, none of which were credit deteriorated since origination at the time of purchase. The Company does not purchase any financial assets that are greater than 30 days delinquent at the time of purchase. PCD financial assets, if any, are recorded at the amount paid. An ACL for PCD financial assets will be determined using the same methodology as other financial assets. The initial ACL determined on a collective basis is allocated to individual financial assets. The sum of the financial asset’s purchase price and the ACL becomes its initial amortized cost. The difference between the initial amortized costs basis and the par value of the financial asset is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent changes to the ACL are recorded through the provision for credit losses
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are included in other operating expense and are computed using the straight-line method over the shorter of the estimated useful lives of the assets or the applicable leases. Useful lives generally range from five one
Other Real Estate	Other Real Estate Other real estate is composed of properties acquired through deed-in-lieu or foreclosure proceedings and is initially recorded at fair value less estimated costs to sell the property, thereby establishing the new cost basis of other real estate. Losses arising at the time of acquisition of such properties are charged against the ACL. Subsequent to acquisition, such properties are carried at the lower of cost or fair value less estimated selling expenses, determined on an individual asset basis. Any deficiency resulting from the excess of cost over fair value less estimated selling expenses is recognized as a valuation allowance. Any subsequent increase in fair value up to its cost basis is recorded as a reduction of the valuation allowance. Increases or decreases in the valuation allowance are included in other operating expense. Net gains or losses recognized on the sale of these properties are included in other operating income.
Core Deposit Premium and Mortgage Servicing Rights	Core Deposit Premium and Mortgage Servicing Rights Our core deposit premium was amortized over 14 years which approximated the estimated life of the purchased deposits. 2018 was the final year of amortization. The carrying value of our core deposit premium was periodically evaluated to estimate the remaining periods of benefit. If these periods of benefit were determined to be less than the remaining amortizable life, an adjustment to reflect such shorter life would have been made. Mortgage servicing rights are recorded when loans are sold to third-parties with servicing of those loans retained and we classify and pool our mortgage servicing rights into buckets of homogeneous characteristics. We utilize the amortization method to measure our mortgage servicing rights. Under the amortization method, we amortize our mortgage servicing rights in proportion to and over the period of net servicing income. Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and is a component of mortgage banking income in the other operating income section of our consolidated statements of income. Amortization of the servicing rights is also reported as a component of mortgage banking income. Ancillary income is recorded in other income. Initial fair value of the servicing right is calculated by a discounted cash flow model prepared by a third-party service provider based on market value assumptions at the time of origination and we assess the servicing right for impairment using current market value assumptions at each reporting period. Critical assumptions used in the discounted cash flow model include mortgage prepayment speeds, discount rates, and servicing income and costs. Variations in our assumptions could materially affect the estimated fair values. Changes to our assumptions are made when current trends and market data indicate that new trends have developed. Current market value assumptions based on loan product types (fixed-rate, adjustable-rate and government FHA loans) include average discount rates, servicing cost and ancillary income. Many of these assumptions are subjective and require a high level of management judgment. Our mortgage servicing rights portfolio and valuation assumptions are periodically reviewed by management. Prepayment speeds may be affected by economic factors such as home price appreciation, market interest rates, the availability of other credit products to our borrowers and customer payment patterns. Prepayment speeds include the impact of all borrower prepayments, including full payoffs, additional principal payments and the impact of loans paid off due to foreclosure liquidations. We perform an impairment assessment of our mortgage servicing rights quarterly or whenever events or changes in circumstance indicate that the carrying value of those assets may not be recoverable. Our impairment assessments involve, among other valuation methods, the estimation of future cash flows and other methods of determining fair value. Estimating future cash flows and determining fair values is subject to judgments and often involves the use of significant estimates and assumptions. The variability of the factors we use to perform our impairment tests depend on a number of conditions, including the uncertainty about future events and cash flows. All such factors are interdependent and, therefore, do not change in isolation. Accordingly, our accounting estimates may materially change from period to period due to changing market factors.
Federal Home Loan Bank Stock	Federal Home Loan Bank StockWe are a member of the Federal Home Loan Bank of Des Moines (the "FHLB"). The bank is required to obtain and hold a specific number of shares of capital stock of the FHLB equal to the sum of a membership investment requirement and an activity-based investment requirement. The securities are reported at cost and are presented separately in the consolidated balance sheets.
Non-Controlling Interest	Non-Controlling Interest Non-controlling interest is comprised of capital and undistributed profits of the member of Oahu HomeLoans, LLC, other than the bank. As a result, non-controlling interest on our consolidated balance sheet totaled $48 thousand at December 31, 2020 and none at December 31, 2019.
Share Based Compensation	Share-Based Compensation Share-based compensation cost is measured at the grant date, based on the estimated fair value of the award. We use the Black-Scholes option-pricing model to determine the fair-value of stock options, and the market price of the Company's common stock at the grant date for restricted stock awards. Share-based compensation is recognized as expense over the employee's requisite service period, generally defined as the vesting period. For awards with graded vesting, we recognize compensation expense on a straight-line basis over their respective vesting period. The Company's accounting policy is to recognize forfeitures as they occur. See Note 16 - Share-Based Compensation for further discussion of our stock-based compensation.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax effects attributable to temporary differences and carryforwards. A valuation allowance may be required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining whether a valuation allowance is necessary, we consider the level of taxable income in prior years, to the extent that carrybacks are permitted under current tax laws, as well as estimates of future taxable income and tax planning strategies that could be implemented to accelerate taxable income, if necessary. If our estimates of future taxable income were materially overstated or if our assumptions regarding the tax consequences of tax planning strategies were inaccurate, some or all of our deferred tax assets may not be realized, which would result in a charge to earnings. We recognize interest and penalties related to income tax matters in other expense. We establish income tax contingency reserves for potential tax liabilities related to uncertain tax positions. Tax benefits are recognized when we determine that it is more likely than not that such benefits will be realized. Where uncertainty exists due to the complexity of income tax statutes, and where the potential tax amounts are significant, we generally seek independent tax opinions to support our positions. If our evaluation of the likelihood of the realization of benefits is inaccurate, we could incur additional income tax and interest expense that would adversely impact earnings, or we could receive tax benefits greater than anticipated which would positively impact earnings.
Earnings per Share	Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, excluding unvested restricted stock awards. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, increased by the dilutive effect of stock options and stock awards, less shares held in a Rabbi trust pursuant to a deferred compensation plan for directors.
Forward Foreign Exchange Contracts	Forward Foreign Exchange Contracts We are periodically a party to a limited amount of forward foreign exchange contracts to satisfy customer needs for foreign currencies. These contracts are not utilized for trading purposes and are carried at market value, with realized gains and losses included in fees on foreign exchange.
Derivatives and Hedging Activities	Derivatives and Hedging Activities We recognize all derivatives on the balance sheet at fair value. On the date that we enter into a derivative contract, we designate the derivative as (1) a hedge of the fair value of an identified asset or liability ("fair value hedge"), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to an identified asset or liability ("cash flow hedge") or (3) a transaction not qualifying for hedge accounting ("free standing derivative"). For a fair value hedge, changes in the fair value of the derivative and, to the extent that it is effective, changes in the fair value of the hedged asset or liability, attributable to the hedged risk, are recorded in current period net income in the same financial statement category as the hedged item. For a cash flow hedge, changes in the fair value of the derivative, to the extent that it is effective, is recorded in other comprehensive income (loss) ("OCI"). These changes in fair value are subsequently reclassified to net income in the same period(s) that the hedged transaction affects net income in the same financial statement category as the hedged item. For free standing derivatives, changes in fair values are reported in current period other operating income.
Recent Accounting Pronouncements	Accounting Standards Adopted in 2020 On January 1, 2020, the Company adopted ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology (Allowance for Loan and Leases Losses or "ALLL") with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and HTM debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 made changes to accounting for AFS debt securities. One such change is to require credit losses to be presented as an allowance rather than a write-down on AFS debt securities if management intends to sell or believes that it is more likely than not they will be required to sell the debt security before recovery of the amortized cost basis. The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable generally accepted accounting principles (“GAAP”). The Company recorded a net decrease to retained earnings (or a net increase to accumulated deficit) of $3.2 million as of January 1, 2020 for the cumulative effect of adopting ASU 2016-13. The transition adjustment includes increases of $3.6 million to the ACL for loans and $0.7 million to other liabilities, which includes the reserve for off-balance sheet credit exposures, offset by a $1.1 million increase to other assets for the related impact to net deferred tax assets. The following table illustrates the impact of ASC 326: January 1, 2020 (Dollars in thousands) As Reported Pre-ASC 326 Impact of Assets: Allowance for credit losses on loans: Commercial, financial & industrial $ (7,509) $ (8,136) $ 627 Real estate: Construction (2,271) (1,792) (479) Residential mortgage (13,935) (13,327) (608) Home equity (2,592) (4,206) 1,614 Commercial mortgage (13,737) (11,113) (2,624) Consumer (11,493) (9,397) (2,096) Subtotal (51,537) (47,971) (3,566) Net deferred tax assets (included in other assets) 17,692 16,541 1,151 Liabilities: Reserve for off-balance sheet credit exposures (included in other liabilities) (2,012) (1,272) (740) Equity: Accumulated deficit 22,257 19,102 3,155 In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement." The ASU is part of the FASB's disclosure framework project to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by generally accepted accounting principles. The ASU modifies disclosure requirements on fair value measurements in Topic 820. The Company adopted ASU 2018-13 effective January 1, 2020. ASU 2018-13 did not have a material impact on disclosures in our consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, "Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans." Like ASU 2018-13, this ASU is part of the FASB's disclosure framework project. This ASU modifies disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for the Company's reporting period ending December 31, 2020. The Company adopted ASU 2018-14 effective December 31, 2020 and it did not have a material impact on disclosures in our consolidated financial statements. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the novel coronavirus pandemic ("COVID-19") and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as troubled debt restructurings (TDRs). The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. This interagency guidance is being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. In December 2020, the Consolidated Appropriations Act, 2021 was signed into law. Section 541 of this legislation, “Extension of Temporary Relief From Troubled Debt Restructurings and Insurer Clarification,” extends Section 4013 of the CARES Act to the earlier of January 1, 2022 or 60 days after the termination of the national emergency declared relating to COVID-19. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . Impact of Other Recently Issued Accounting Pronouncements on Future Filings In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740)." This ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. It also improves consistent application of GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The ASU is effective for annual periods beginning after December 15, 2020 for public business entities . The Company does not expect the ASU to have a material impact on our consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)." This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference LIBOR or other reference rates expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives. The ASUs are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is in the process of evaluating the provisions of these ASUs, but does not expect them to have a material impact on our consolidated financial statements. In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This ASU issues improvements to the codification by ensuring that all guidance that requires or provides an option for an entity to provide information in the notes to the financial statements is codified, reducing the likelihood that disclosure requirements would be missed. The ASU is effective for annual periods beginning after December 15, 2020 for public business entities . The Company does not expect the ASU to have a material impact on our consolidated financial statements.
Revenue	Revenue Recognition Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" , establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts to provide goods or services to its customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services. Revenue is recognized as performance obligations are satisfied. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. Our principal source of revenue is derived from interest income on financial instruments, such as our loan and investment securities portfolios, as well as revenue related to our mortgage banking activities. These revenue-generating transactions are out of scope of ASC 606, but are subject to other GAAP and discussed elsewhere within our disclosures. We also generate other revenue in connection with our broad range of banking products and financial services. Descriptions of our other revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of other operating income are as follows: Mortgage banking income Loan placement fees, included in mortgage banking income, primarily represent revenues earned by the Company for loan placement and underwriting. Revenues for these services are recorded at a point-in-time, upon completion of a contractually identified transaction, or when an advisory opinion is provided. Service charges on deposit accounts Revenue from service charges on deposit accounts includes general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as stop payment fees). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Other Service Charges and Fees Revenue from other service charges and fees includes fees on foreign exchange, cards and payments income, safe deposit rental income and other service charges, commissions and fees. The Company provides foreign currency exchange services to customers, whereby cash can be converted to different foreign currencies, and vice versa. As a result of the services, a gain or loss is recognized on foreign currency transactions, as well as income related to commissions and fees earned on each transaction. Revenue from the commissions and fees earned on the transactions fall within the scope of ASC 606, and is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Realized and unrealized gains or losses related to foreign currency are out of scope of ASC 606. Cards and payments income includes interchange fees from debit cards processed through card association networks, merchant services, and other card related services. Interchange rates are generally set by the credit card associations and based on purchase volumes and other factors. Interchange fees are recognized as transactions occur. Interchange expenses related to cards and payments income are presented gross in other operating expense. Merchant services income represents account management fees and transaction fees charged to merchants for the processing of card association network transactions. Merchant services revenue is recognized as transactions occur, or as services are performed. Other service charges, commissions and fees include automated teller machines ("ATM") surcharge and interchange fees, bill payment fees, cashier’s check and money order fees, wire transfer fees, loan brokerage fees, and commissions on sales of insurance, broker-dealer products, letters of credit, and travelers’ checks. Revenue from these fees and commissions is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Based on the nature of the commission agreement with the broker-dealer and each insurance provider, we may recognize revenue from broker-dealer and insurance commissions over time or at a point-in-time as our performance obligation is satisfied. Income from Fiduciary Activities Income from fiduciary activities includes fees from wealth management, trust, custodial and escrow services provided to individual and institutional customers. Revenue is generally recognized monthly based on a minimum annual fee and/or the market value of assets in custody. Additional fees are recognized for transactional activity. Revenue from trade execution and brokerage services is earned through commissions from trade execution on behalf of clients. Revenue from these transactions is recognized at the trade date. Any ongoing service fees are recognized on a monthly basis as services are performed. Net Gain (Loss) on Sales of Foreclosed Assets The Company records a gain or loss on the sale of a foreclosed property when control of the property transfers to the Company, which typically occurs at the time the deed is executed. The Company does not finance the sale of the foreclosed property.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Financing Receivable Portfolio Segments	The Company has identified the following portfolio segments to measure the allowance for credit losses. For all segments the economic forecast length is one year and reversion method is one year. Loan Segment Historical Lifetime Loss Method Historical Economic Reversion Method Construction Probability of Default/Loss Given Default ("PD/LGD") 2008-Present One Year One Year (straight-line basis) Commercial real estate Loss-Rate Migration 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural Loss-Rate Migration 2008-Present Home equity lines of credit Loss-Rate Migration 2008-Present Residential mortgage Loss-Rate Migration 2008-Present Consumer - other revolving Loss-Rate Migration 2008-Present Consumer - non-revolving Loss-Rate Migration 2008-Present Purchased Mainland portfolios (Dealer, Other consumer) Weighted-Average Remaining Maturity ("WARM") 2008-Present
Schedule of Change in Accounting Policy	The following table illustrates the impact of ASC 326: January 1, 2020 (Dollars in thousands) As Reported Pre-ASC 326 Impact of Assets: Allowance for credit losses on loans: Commercial, financial & industrial $ (7,509) $ (8,136) $ 627 Real estate: Construction (2,271) (1,792) (479) Residential mortgage (13,935) (13,327) (608) Home equity (2,592) (4,206) 1,614 Commercial mortgage (13,737) (11,113) (2,624) Consumer (11,493) (9,397) (2,096) Subtotal (51,537) (47,971) (3,566) Net deferred tax assets (included in other assets) 17,692 16,541 1,151 Liabilities: Reserve for off-balance sheet credit exposures (included in other liabilities) (2,012) (1,272) (740) Equity: Accumulated deficit 22,257 19,102 3,155

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	A summary of our available-for-sale investment securities as of December 31, 2020 and 2019 are as follows: (Dollars in thousands) Amortized Gross Gross Fair ACL December 31, 2020 Available-for-Sale: Debt securities: States and political subdivisions $ 163,573 $ 5,370 $ (177) $ 168,766 $ — Corporate securities 47,351 788 (131) 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,413 18 (286) 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 762,309 16,816 (299) 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 22,671 786 (34) 23,423 — Commercial - U.S. GSEs and agencies 85,405 2,564 (500) 87,469 — Commercial - Non-GSEs 41,309 1,663 — 42,972 — Total available-for-sale investment securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 $ — Equity securities $ 1,068 $ 283 $ — $ 1,351 — (Dollars in thousands) Amortized Gross Gross Fair December 31, 2019 Available-for-Sale: Debt securities: States and political subdivisions $ 119,755 $ 2,303 $ (40) $ 122,018 Corporate securities 30,277 252 — 30,529 U.S. Treasury obligations and direct obligations of U.S Government agencies 40,769 10 (398) 40,381 Mortgage-backed securities: Residential - U.S. GSEs 673,918 6,003 (2,099) 677,822 Residential - Non-GSEs 36,377 830 (16) 37,191 Commercial - U.S. GSEs and agencies 80,773 1,198 (746) 81,225 Commercial - Non-GSEs 134,676 3,141 — 137,817 Total available-for-sale investment securities $ 1,116,545 $ 13,737 $ (3,299) $ 1,126,983 Equity securities $ 935 $ 192 $ — $ 1,127
Amortized Cost and Fair Value of Equity Investment Securities	The amortized cost and fair value of our equity investment securities is as follows: (Dollars in thousands) Amortized Cost Fair Value December 31, 2020 Equity securities $ 1,068 $ 1,351 December 31, 2019 Equity securities 935 1,127
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity	The amortized cost and estimated fair value of our investment securities at December 31, 2020 by contractual maturity are shown below. Actual maturities may differ from contractual maturities as issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2020 (Dollars in thousands) Amortized Cost Fair Value Available-for-Sale: Due in one year or less $ 17,491 $ 17,639 Due after one year through five years 32,863 33,965 Due after five years through ten years 93,241 95,862 Due after ten years 100,742 102,453 Mortgage-backed securities Residential - U.S. GSEs 762,309 778,826 Residential - Non-GSEs 22,671 23,423 Commercial - U.S. GSEs and agencies 85,405 87,469 Commercial - Non-GSEs 41,309 42,972 Total available-for-sale investment securities $ 1,156,031 $ 1,182,609 Equity securities $ 1,068 $ 1,351
Schedule of investment securities in an unrealized loss position	The following table summarizes securities which were in an unrealized or unrecognized loss position at December 31, 2020 and 2019, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) Corporate securities 4,869 (131) — — 4,869 (131) U.S. Treasury obligations and direct obligations of U.S Government agencies 5,980 (24) 20,925 (262) 26,905 (286) Mortgage-backed securities: Residential - U.S. GSEs 76,402 (299) — — 76,402 (299) Residential - Non-GSEs 989 (34) — — 989 (34) Commercial - U.S. GSEs and agencies 16,977 (500) — — 16,977 (500) Total temporarily impaired securities $ 126,530 $ (1,165) $ 20,925 $ (262) $ 147,455 $ (1,427) Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2019 Debt securities: States and political subdivisions $ 1,754 $ (9) $ 801 $ (31) $ 2,555 $ (40) U.S. Treasury obligations and direct obligations of U.S Government agencies 18,882 (143) 19,031 (255) 37,913 (398) Mortgage-backed securities: Residential - U.S. GSEs 54,335 (283) 214,295 (1,816) 268,630 (2,099) Residential - Non-GSEs 8,206 (16) — — 8,206 (16) Commercial - U.S. GSEs and agencies 32,067 (746) — — 32,067 (746) Total temporarily impaired securities $ 115,244 $ (1,197) $ 234,127 $ (2,102) $ 349,371 $ (3,299)

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of loans and leases, excluding loans held for sale	Loans, excluding loans held for sale, net of ACL under ASC 326 as of December 31, 2020 and loans, excluding loans held for sale, net of ACL under previous GAAP as December 31, 2019 consisted of the following: December 31, (Dollars in thousands) 2020 2019 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program ("SBA PPP") $ 425,993 $ — Other 545,136 570,089 Real estate: Construction 125,625 96,139 Residential mortgage 1,687,251 1,595,801 Home equity 550,216 490,239 Commercial mortgage 1,158,203 1,124,911 Consumer 479,580 569,516 Subtotal 4,972,004 4,446,695 Net deferred (fees) costs (7,891) 2,845 Total loans $ 4,964,113 $ 4,449,540
Financing Receivable, Purchased With Credit Deterioration	The following table presents loan purchases by class for the periods presented: (Dollars in thousands) Consumer - Unsecured Consumer - Automobile Total Year Ended December 31, 2020 Purchases: Outstanding balance $ 54,777 $ — $ 54,777 Purchase premium (discount) (1,619) — (1,619) Purchase price $ 53,158 $ — $ 53,158 Year Ended December 31, 2019 Purchases: Outstanding balance $ 112,181 $ 29,581 $ 141,762 Purchase premium (discount) (2,307) 630 (1,677) Purchase price $ 109,874 $ 30,211 $ 140,085
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and lease based on the impairment measurement methods, by class
Schedule of impaired loans, by class	The following table presents by class, information related to impaired loans as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: December 31, 2019 (Dollars in thousands) Unpaid Recorded ACL Impaired loans: Commercial, financial and agricultural - Other $ 246 $ 135 $ — Real estate: Residential mortgage 7,230 6,516 — Home equity 92 92 — Commercial mortgage 1,839 1,839 — Total 9,407 8,582 — Impaired loans with an ACL recorded: Commercial, financial and agricultural - Other 467 467 218 Consumer 17 17 17 Total 484 484 235 Total impaired loans $ 9,891 $ 9,066 $ 235
Schedule of average recorded investment and interest income recognized on impaired loans, by class	The following table presents by class, the average recorded investment and interest income recognized on impaired loans during the years ended December 31, 2019 and 2018, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: Year Ended Year Ended December 31, 2019 December 31, 2018 (Dollars in thousands) Average Interest Average Interest Commercial, financial and agricultural - Other $ 214 $ 9 $ 435 $ 24 Real estate: Construction 1,018 62 2,436 111 Residential mortgage 8,322 905 12,681 662 Home equity 277 13 482 — Commercial mortgage 2,098 86 3,368 179 Consumer 3 — — — Total $ 11,932 $ 1,075 $ 19,402 $ 976
Schedule of aging of the recorded investment in past due loans and leases, by class	The following tables present by class, the aging of the recorded investment in past due loans as of December 31, 2020 and 2019: December 31, 2020 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 416,375 $ 416,375 $ — Other 613 350 — 1,461 2,424 542,667 545,091 — Real estate: Construction — — — — — 125,407 125,407 — Residential mortgage 2,832 689 567 4,115 8,203 1,682,009 1,690,212 4,115 Home equity 273 3 — 524 800 550,466 551,266 524 Commercial mortgage — — — — — 1,156,328 1,156,328 — Consumer 2,725 906 240 92 3,963 475,471 479,434 — Total $ 6,443 $ 1,948 $ 807 $ 6,192 $ 15,390 $ 4,948,723 $ 4,964,113 $ 4,639 December 31, 2019 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural - Other $ 476 $ 865 $ — $ 467 $ 1,808 $ 568,496 $ 570,304 $ — Real estate: Construction 643 — — — 643 95,211 95,854 — Residential mortgage 1,830 589 724 979 4,122 1,595,679 1,599,801 979 Home equity 759 207 — 92 1,058 489,676 490,734 92 Commercial mortgage — 397 — — 397 1,123,018 1,123,415 — Consumer 3,223 943 286 17 4,469 564,963 569,432 — Total $ 6,931 $ 3,001 $ 1,010 $ 1,555 $ 12,497 $ 4,437,043 $ 4,449,540 $ 1,071
Schedule of information related to loans modifications in a TDR, by class	The following table presents by class, information related to loans modified in a TDR during the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, 2020 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 677 $ — Real estate: Commercial mortgage 1 276 — Consumer 11 207 — Total 13 $ 1,160 $ — Year Ended December 31, 2019 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 104 $ — Total 1 $ 104 $ — Year Ended December 31, 2018 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 3 $ 575 $ — Total 3 $ 575 $ —
Schedule of recorded investment in the loans and leases, by class and credit indicator	The following tables present by class and credit indicator, the recorded investment in the Company's loans as of December 31, 2020 and 2019: (Dollars in thousands) Pass Special Substandard Loss Subtotal Net Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 Other 471,085 67,177 6,874 — 545,136 (45) 545,091 Real estate: Construction 122,782 2,843 — — 125,625 (218) 125,407 Residential mortgage 1,680,762 1,736 4,753 — 1,687,251 2,961 1,690,212 Home equity 548,985 707 524 — 550,216 1,050 551,266 Commercial mortgage 1,051,122 69,786 37,295 — 1,158,203 (1,875) 1,156,328 Consumer 478,998 250 284 48 479,580 (146) 479,434 Total $ 4,779,727 $ 142,499 $ 49,730 $ 48 $ 4,972,004 $ (7,891) $ 4,964,113 (Dollars in thousands) Pass Special Substandard Loss Subtotal Net Total December 31, 2019 Commercial, financial and agricultural - Other $ 523,342 $ 20,677 $ 26,070 $ — $ 570,089 $ 215 $ 570,304 Real estate: Construction 96,139 — — — 96,139 (285) 95,854 Residential mortgage 1,593,072 840 1,889 — 1,595,801 4,000 1,599,801 Home equity 490,147 — 92 — 490,239 495 490,734 Commercial mortgage 1,094,364 17,440 13,107 — 1,124,911 (1,496) 1,123,415 Consumer 569,212 — 193 111 569,516 (84) 569,432 Total $ 4,366,276 $ 38,957 $ 41,351 $ 111 $ 4,446,695 $ 2,845 $ 4,449,540

ALLOWANCE FOR LOAN AND LEASE _2

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of activity in the allowance, by class	The following tables present by class, the activity in the ACL for loans under ASC 326 during the year ended December 31, 2020 and under previous GAAP during the years ended December 31, 2019 and 2018: Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2020 Beginning balance prior to ASC 326 $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision (credit) for credit losses [1] 304 13,077 1,875 2,383 2,824 8,485 9,982 38,930 304 20,586 4,146 16,318 5,416 22,222 21,475 90,467 Charge-offs — 3,026 — 63 — 75 8,191 11,355 Recoveries — 1,157 131 229 33 16 2,591 4,157 Net charge-offs (recoveries) — 1,869 (131) (166) (33) 59 5,600 7,198 Ending balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision (credit) for credit losses — 1,413 (20) (1,546) 381 (2,270) 8,359 6,317 — 9,440 1,182 12,803 4,169 11,088 15,551 54,233 Charge-offs — 2,478 — — 5 — 8,265 10,748 Recoveries — 1,174 610 524 42 25 2,111 4,486 Net charge-offs (recoveries) — 1,304 (610) (524) (37) (25) 6,154 6,262 Ending balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2018 Beginning balance $ — $ 7,594 $ 1,835 $ 14,328 $ 3,317 $ 16,801 $ 6,126 $ 50,001 Provision (credit) for credit losses — 2,082 (6,392) (183) 444 (3,495) 6,420 (1,124) — 9,676 (4,557) 14,145 3,761 13,306 12,546 48,877 Charge-offs — 2,852 — — — — 7,323 10,175 Recoveries — 1,203 5,759 204 27 52 1,969 9,214 Net charge-offs — 1,649 (5,759) (204) (27) (52) 5,354 961 Ending balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 [1] The Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. The provision for credit losses presented in this table excludes the provision for credit losses on accrued interest receivable of $0.2 million.
Schedule of changes in the allowance for loan and lease losses for impaired loans	Changes in the allowance for credit losses for impaired loans (included in the above amounts) were as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Balance, beginning of year $ 235 $ — $ — Provision for credit losses (26) 235 — Balance, end of year $ 209 $ 235 $ —

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment consisted of the following as of December 31, 2020 and 2019: December 31, (Dollars in thousands) 2020 2019 Land $ 11,616 $ 8,309 Office buildings and improvements 125,132 107,840 Furniture, fixtures and equipment 37,839 39,066 Gross premises and equipment 174,587 155,215 Accumulated depreciation and amortization (109,309) (108,872) Net premises and equipment $ 65,278 $ 46,343
Schedule of operating expenses to which depreciation and amortization of premises and equipment were charged	Depreciation and amortization of premises and equipment were charged to the following operating expenses: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Net occupancy $ 3,616 $ 3,401 $ 3,527 Equipment 2,607 2,738 2,761 Total $ 6,223 $ 6,139 $ 6,288

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	12 Months Ended
	Dec. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Schedule of Investments in and Advances to Affiliates, Schedule of Investments	Investments in unconsolidated subsidiaries as of December 31, 2020 and 2019 consisted of the following components: December 31, (Dollars in thousands) 2020 2019 Investments in low income housing tax credit partnerships $ 28,090 $ 15,322 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 277 192 Other 54 54 Total $ 29,968 $ 17,115 The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Proportional amortization method: Amortization expense recognized in income tax expense $ 1,391 $ 681 $ 1,005 Federal and state tax credits recognized in income tax expense 1,599 803 759
Future Commitments	he expected payments for the unfunded commitments as of December 31, 2020 are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 10,518 2022 6,579 2023 10 2024 28 2025 6 Thereafter 43 Total commitments $ 17,184

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in other intangible assets	The following table presents changes in our core deposit premium and mortgage servicing rights for the periods presented: (Dollars in thousands) Core Mortgage Total Balance as of December 31, 2017 $ 2,006 $ 15,843 $ 17,849 Additions — 1,612 1,612 Amortization (2,006) (1,859) (3,865) Balance as of December 31, 2018 — 15,596 15,596 Additions — 1,582 1,582 Amortization — (2,460) (2,460) Balance as of December 31, 2019 — 14,718 14,718 Additions — 3,314 3,314 Amortization — (6,167) (6,167) Balance as of December 31, 2020 $ — $ 11,865 $ 11,865
Schedule of gross carrying value and accumulated amortization related to intangible assets	The gross carrying value, accumulated amortization, and net carrying value related to our core deposit premium and mortgage servicing rights as of December 31, 2020 and 2019 are presented below: December 31, 2020 December 31, 2019 (Dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (44,642) $ — $ 44,642 $ (44,642) $ — Mortgage servicing rights 70,909 (59,044) 11,865 67,595 (52,877) 14,718 Total $ 115,551 $ (103,686) $ 11,865 $ 112,237 $ (97,519) $ 14,718
Schedule of estimated amortization expense	Based on our mortgage servicing rights held as of December 31, 2020, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 4,725 2022 3,815 2023 3,145 2024 180 2025 — Thereafter — Total $ 11,865
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights	The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Year Ended December 31, (Dollars in thousands) 2020 2019 Fair market value, beginning of period $ 15,820 $ 17,696 Fair market value, end of period 12,003 15,820 Weighted average discount rate 9.6 % 9.5 % Weighted average prepayment speed assumption 17.6 % 14.2 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of the location of all assets and liabilities associated with derivative instruments within the consolidated balance sheet	The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheet: Asset Derivatives Liability Derivatives Derivatives Not Designated as Balance Sheet Fair Value at Fair Value at Fair Value at Fair Value at Hedging Instruments Location December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 (Dollars in thousands) Interest rate lock and forward sale commitments Other assets / other liabilities $ 18 $ 8 $ 163 $ 28
Schedule of the impact of derivative instruments and their location within the consolidated statements of income	The following table presents the impact of derivative instruments and their location within the consolidated statements of income for the periods presented: Derivatives Not in Cash Flow Hedging Relationship Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives (Dollars in thousands) Year ended December 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income $ (76) Risk participation agreements Other service charges and fees 1,323 Year ended December 31, 2019 Interest rate lock and forward sale commitments Mortgage banking income 63 Year ended December 31, 2018 Interest rate lock and forward sale commitments Mortgage banking income (70)

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Schedule of maturities of time deposits of $100,000 or more	The Company had $898.9 million and $1.03 billion of total time deposits as of December 31, 2020 and 2019, respectively. Contractual maturities of total time deposits as of December 31, 2020 were as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 804,701 2022 58,320 2023 15,952 2024 11,500 2025 8,111 Thereafter 334 Total $ 898,918 Contractual maturities of time deposits of $250,000 or more as of December 31, 2020 were as follows: (Dollars in thousands) Three months or less $ 282,610 Over three months through six months 233,739 Over six months through twelve months 112,245 2022 31,313 2023 3,835 2024 890 2025 1,824 Thereafter — Total $ 666,456

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2020
Short-term Debt [Abstract]
Schedule of short-term borrowings	A summary of our short-term borrowings as of December 31, 2020, 2019 and 2018 is as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Amount outstanding at December 31 $ 22,000 $ 150,000 $ 197,000 Average amount outstanding during year 89,904 185,909 50,630 Highest month-end balance during year 222,000 334,500 197,000 Weighted average interest rate on balances outstanding at December 31 0.29 % 1.81 % 2.59 % Weighted average interest rate during year 0.80 % 2.31 % 2.44 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2020
Long-term Debt, Unclassified [Abstract]
Schedule of long-term debt, based on original maturity	Long-term debt, which is based on original maturity, consisted of FHLB advances and subordinated notes and debentures totaling $105.4 million and $101.5 million at December 31, 2020 and 2019, respectively. December 31, (Dollars in thousands) 2020 2019 FHLB advances $ — $ 50,000 Subordinated notes, net of issuance costs 53,838 — Subordinated debentures 51,547 51,547 Total $ 105,385 $ 101,547
Schedule of future principal payments on long-term debt based on final maturity	At December 31, 2020, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands): (Dollars in thousands) Year Ending December 31: 2021 $ — 2022 — 2023 — 2024 — 2025 — Thereafter 106,547 Total $ 106,547
Schedule of Subordinated Borrowing	As of December 31, 2020 and December 31, 2019, the Company had the following junior subordinated debentures outstanding: (Dollars in thousands) December 31, 2020 Name of Trust Amount of Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 (Dollars in thousands) December 31, 2019 Name of Trust Amount of Subordinated Debentures Interest Rate Trust IV 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Other operating income segregated by revenue streams	The following presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606 for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 1,128 $ 702 Service charges on deposit accounts 6,234 8,406 Other service charges and fees 11,621 12,536 Income on fiduciary activities 4,829 4,395 Net gain (loss) on sales of foreclosed assets (15) (145) In-scope other operating income 23,797 25,894 Out-of-scope other operating income 21,401 15,907 Total other operating income $ 45,198 $ 41,801

MORTGAGE BANKING INCOME (Tables

MORTGAGE BANKING INCOME (Tables)	12 Months Ended
	Dec. 31, 2020
Other Income and Expenses [Abstract]
Mortgage Banking Activities	Noninterest income from the Company's mortgage banking activities includes the following components for the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Mortgage banking income: Net loan servicing fees $ 2,754 $ 4,252 $ 5,159 Amortization of mortgage servicing rights (6,167) (2,460) (1,859) Net gain on sale of residential mortgage loans 16,043 4,128 4,085 Unrealized gain (loss) on interest rate locks (76) 63 (70) Loan placement fees 1,128 702 747 Total mortgage banking income $ 13,682 $ 6,685 $ 8,062

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Summary of the effects of share-based compensation to options and awards granted under the Company's equity incentive plans	The following table summarizes the effects of share-based compensation for options and awards granted under the Company's equity incentive plans for each of the periods presented: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Salaries and employee benefits $ 3,822 $ 4,289 $ 3,787 Directors stock awards 165 96 255 Income tax benefit (809) (1,427) (1,227) Net share-based compensation effect $ 3,178 $ 2,958 $ 2,815
Summary of option activity for stock option plans	The following is a summary of option activity for our stock option plans for the year ended December 31, 2020: Number Weighted Weighted Aggregate Stock options outstanding as of January 1, 2020 133,813 $ 14.31 Changes during the year: Granted — — Exercised — — Expired — — Forfeited — — Stock options outstanding as of December 31, 2020 133,813 14.31 1.3 $ 629 Vested and exercisable as of December 31, 2020 133,813 14.31 1.3 629
Schedule of activity of restricted stock awards and units	The table below presents the activity of restricted stock awards and units for each of the periods presented: Number Weighted Fair Value Unvested as of December 31, 2017 397,551 $ 25.49 Changes during the year: Granted 118,846 29.47 Forfeited (25,481) 27.39 Vested (128,191) 24.59 $ 3,763 Unvested as of December 31, 2018 362,725 26.98 Changes during the year: Granted 181,431 28.89 Forfeited (17,689) 29.10 Vested (160,000) 24.55 3,927 Unvested as of December 31, 2019 366,467 28.89 Changes during the year: Granted 322,180 18.11 Forfeited (28,058) 23.79 Vested (128,215) 29.48 3,780 Unvested as of December 31, 2020 532,374 22.49

PENSION PLANS (Tables)

PENSION PLANS (Tables)	12 Months Ended
	Dec. 31, 2020
Pension Plan
PENSION PLANS
Schedule of information pertaining to the defined benefit retirement plan	The following tables set forth information pertaining to the defined benefit retirement plan: Year Ended December 31, (Dollars in thousands) 2020 2019 Change in benefit obligation: Benefit obligation at beginning of year $ 21,603 $ 20,746 Interest cost 641 828 Actuarial (gains) losses 1,288 1,677 Benefits paid (1,613) (1,648) Benefit obligation at end of the year 21,919 21,603 Change in plan assets, at fair value: Fair value of plan assets at beginning of year 21,309 19,874 Actual return on plan assets 1,457 3,083 Benefits paid (1,613) (1,648) Fair value of plan assets at end of year 21,153 21,309 Funded status at end of year $ (766) $ (294) Amounts recognized in AOCI: Net actuarial losses $ (6,467) $ (6,625) Benefit obligation actuarial assumptions: Weighted average discount rate 2.3 % 3.1 % Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Components of net periodic benefit cost: Interest cost $ 641 $ 828 $ 796 Expected return on plan assets (920) (996) (1,206) Amortization of net actuarial losses 909 1,101 979 Net periodic benefit cost $ 630 $ 933 $ 569 Net periodic cost actuarial assumptions: Weighted average discount rate 3.1 % 4.2 % 3.6 % Expected long-term rate of return on plan assets 4.5 % 5.3 % 5.5 %
Schedule of asset allocations by asset category	The defined benefit retirement plan assets consist primarily of equity and debt securities. Our asset allocations by asset category were as follows: December 31, 2020 2019 Equity securities 39.5 % 39.1 % Debt securities 56.1 57.5 Other 4.4 3.4 Total 100.0 % 100.0 %
Schedule of fair values of the defined benefit retirement plan by asset category	The fair values of the defined benefit retirement plan as of December 31, 2020 and 2019 by asset category were as follows: (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2020 Money market accounts $ 928 $ — $ — $ 928 Mutual funds 13,462 — — 13,462 Government obligations — 2,334 — 2,334 Common stocks 1,993 — — 1,993 Preferred stocks 260 — — 260 Corporate bonds and debentures — 2,176 — 2,176 Total $ 16,643 $ 4,510 $ — $ 21,153 (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2019 Money market accounts $ 727 $ — $ — $ 727 Mutual funds 13,434 — — 13,434 Government obligations — 2,587 — 2,587 Common stocks 2,475 — — 2,475 Preferred stocks 173 — — 173 Corporate bonds and debentures — 1,913 — 1,913 Total $ 16,809 $ 4,500 $ — $ 21,309
Schedule of estimated future benefit payments	Estimated future benefit payments in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 1,628 2022 1,576 2023 1,518 2024 1,486 2025 1,448 2026-2030 6,267 Total $ 13,923
SERPs
PENSION PLANS
Schedule of information pertaining to the defined benefit retirement plan	The following tables set forth information pertaining to the SERP: Year Ended December 31, (Dollars in thousands) 2020 2019 Change in benefit obligation Benefit obligation at beginning of year $ 11,971 $ 10,355 Interest cost 341 430 Actuarial (gains) losses 737 1,517 Benefits paid (309) (331) Benefit obligation at end of year 12,740 11,971 Change in plan assets Fair value of plan assets at beginning of year — — Employer contributions 309 331 Benefits paid (309) (331) Fair value of plan assets at end of year — — Funded status at end of year $ (12,740) $ (11,971) Amounts recognized in AOCI Net transition obligation $ (44) $ (64) Prior service cost — (14) Net actuarial losses (3,070) (2,583) Total amounts recognized in AOCI $ (3,114) $ (2,661) Benefit obligation actuarial assumptions Weighted average discount rate 2.1 % 3.0 % Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Components of net periodic benefit cost Interest cost $ 341 $ 430 $ 389 Amortization of net actuarial (gains) losses 251 16 174 Amortization of net transition obligation 18 18 18 Amortization of prior service cost 14 18 18 Net periodic benefit cost $ 624 $ 482 $ 599 Net periodic cost actuarial assumptions Weighted average discount rate 3.1 % 4.2 % 3.5 %
Schedule of estimated amortization of components included in AOCI that will be recognized into net periodic cost in the next fiscal year
Schedule of estimated future benefit payments	Estimated future benefit payments reflecting expected future service for the SERP in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2021 $ 304 2022 471 2023 640 2024 629 2025 617 2026-2030 4,334 Total $ 6,995

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
Leases, Operating [Abstract]
Schedule of net rent expense for all operating leases	Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated: Year Ended December 31, (Dollars in thousands) 2020 2019 Lease cost: Operating lease cost $ 6,621 $ 6,514 Variable lease cost 2,689 2,637 Less: sublease income (15) (44) Total lease cost $ 9,295 9,107 Other information: Operating cash flows from operating leases $ (6,371) $ (6,230) Weighted-average remaining lease term - operating leases 11.91 years 13.51 years Weighted-average discount rate - operating leases 3.89 % 3.92 % Net rent expense for all operating leases for the year ended December 31, 2018 is summarized as follows: Year Ended December 31, (Dollars in thousands) 2018 Rent expense charged to net occupancy $ 8,578 Less: sublease income (41) Net rent expense charged to net occupancy 8,537 Add: rent expense charged to equipment expense 12 Total net rent expense $ 8,549
Schedule of future minimum rental commitments for all noncancellable operating leases that had initial lease terms in excess of one year	The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the next five succeeding fiscal years and all years thereafter: (Dollars in thousands) Year Ending December 31, Undiscounted Cash Flows Lease Liability Expense Lease Liability Reduction 2021 $ 6,408 $ 1,726 $ 4,682 2022 5,954 1,559 4,395 2023 5,396 1,405 3,991 2024 5,091 1,262 3,829 2025 4,795 1,117 3,678 Thereafter 32,086 5,470 26,616 Total $ 59,730 $ 12,539 $ 47,191
Operating Lease, Lease Income	The following represents lease income related to these leases that was recognized for the periods indicated: Year Ended December 31, (Dollars in thousands) 2020 2019 Total rental income recognized $ 2,071 2,098
Schedule of future minimum rental income for noncancellable operating leases that had initial lease terms in excess of one year	Based on the Company's leases as lessor as of December 31, 2020, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31, 2021 $ 2,177 2022 1,772 2023 772 2024 264 2025 135 Thereafter 190 Total $ 5,310

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	Components of income tax expense (benefit) for the years ended December 31, 2020, 2019 and 2018 were as follows: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Current expense: Federal $ 22,014 $ 23,359 $ 10,812 State 2,833 211 72 Total current 24,847 23,570 10,884 Deferred expense: Federal (12,952) (8,970) 2,137 State (135) 5,005 5,737 Total deferred (13,087) (3,965) 7,874 Provision for income taxes $ 11,760 $ 19,605 $ 18,758
Schedule of the reasons of difference between the income tax expense (benefit) and the expected tax expense	Income tax expense (benefit) for the periods presented differed from the "expected" tax expense (computed by applying the U.S. federal corporate tax rate of 21% for the years ended December 31, 2020, 2019 and December 31, 2018, to income (loss) before income taxes) for the following reasons: Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Computed "expected" tax expense (benefit) $ 10,297 $ 16,365 $ 16,430 Increase (decrease) in taxes resulting from: Tax-exempt interest income (528) (675) (808) Other tax-exempt income (799) (652) (445) Low-income housing and energy tax credits (332) (182) 35 State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance 2,590 4,345 4,756 Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense (22) (41) 140 Impact of Tax Reform on net deferred tax assets — — (1,542) Other, net 554 445 192 Total $ 11,760 $ 19,605 $ 18,758
Schedule of the tax effects of temporary differences giving rise to significant portions of the deferred tax assets and deferred tax liabilities	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows: December 31, (Dollars in thousands) 2020 2019 Deferred tax assets Lease liability $ 12,624 $ 14,095 Allowance for credit losses 17,576 10,136 Accrued expenses 2,447 1,795 Employee retirement benefits 3,143 2,847 Federal and state tax credit carryforwards — 1,821 State net operating loss carryforwards 3,134 3,181 Restricted stock and non-qualified stock options 963 954 Premises and equipment 3,996 3,365 Other 4,787 2,488 Total deferred tax assets 48,670 40,682 Deferred tax liabilities Right-of-use lease asset 12,267 14,019 Intangible assets 3,174 3,941 Other 3,383 2,761 Total deferred tax liabilities 18,824 20,721 Less: Deferred tax valuation allowance 3,398 3,420 Net deferred tax assets $ 26,448 $ 16,541

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018, by component: (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 15,939 $ 4,260 $ 11,679 Add: Reclassification adjustment for losses realized in net income 201 54 147 Net unrealized gains on investment securities 16,140 4,314 11,826 Defined benefit plans: Net actuarial losses arising during the period (1,488) (508) (980) Amortization of net actuarial losses 1,160 310 850 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 14 4 10 Defined benefit plans, net (296) (189) (107) Other comprehensive income $ 15,844 $ 4,125 $ 11,719 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 37,696 $ 10,102 $ 27,594 Less: Reclassification adjustment for gains realized in net income (36) (10) (26) Net unrealized gains on investment securities 37,660 10,092 27,568 Defined benefit plans: Net actuarial losses arising during the period (1,106) (296) (810) Amortization of net actuarial losses 1,117 299 818 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 47 13 34 Other comprehensive income $ 37,707 $ 10,105 $ 27,602 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2018 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (19,063) $ (5,145) $ (13,918) Add: Reclassification adjustment for losses realized in net income (279) (75) (204) Net unrealized losses on investment securities (19,342) (5,220) (14,122) Defined benefit plans: Net actuarial gains arising during the period 264 71 193 Amortization of net actuarial losses 1,153 329 824 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 1,453 410 1,043 Other comprehensive loss $ (17,889) $ (4,810) $ (13,079)
Schedule of changes in each component of AOCI, net of tax	The following table presents the changes in each component of AOCI, net of tax, for the years ended December 31, 2020, 2019 and 2018: (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income (loss) before reclassifications 11,679 (980) 10,699 Amounts reclassified from AOCI 147 873 1,020 Net other comprehensive income (loss) 11,826 (107) 11,719 Balance at end of period $ 26,651 $ (6,523) $ 20,128 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive income (loss) before reclassifications 27,594 (810) 26,784 Amounts reclassified from AOCI (26) 844 818 Net other comprehensive income (loss) 27,568 34 27,602 Balance at end of period $ 14,825 $ (6,416) $ 8,409 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2018 Balance at beginning of period $ 5,073 $ (6,112) $ (1,039) Impact of adoption of new accounting standards (139) — (139) Adjusted balance at beginning of period 4,934 (6,112) (1,178) Impact of adoption of new accounting standards (455) (1,381) (1,836) Other comprehensive income (loss) before reclassifications (13,918) 193 (13,725) Amounts reclassified from AOCI (204) 850 646 Total other comprehensive income (loss) (14,122) 1,043 (13,079) Balance at end of period $ (9,643) $ (6,450) $ (16,093)
Schedule of amounts reclassified out of each component of AOCI	The following table presents the amounts reclassified out of each component of AOCI for the years ended December 31, 2020, 2019 and 2018: Amount Reclassified from AOCI Affected Line Item in the Year ended December 31, Statement Where Net Details about AOCI Components 2020 2019 2018 Income is Presented (Dollars in thousands) Sale of available-for-sale investment securities: Realized gains (losses) on available-for-sale investment securities $ (201) $ 36 $ 279 Net gains (losses) on sales of investment securities Tax effect 54 (10) (75) Income tax benefit (expense) Net of tax $ (147) $ 26 $ 204 Defined benefit plan items: Amortization of net actuarial losses $ (1,160) $ (1,117) $ (1,153) Salaries and employee benefits (1) Amortization of net transition obligation (18) (18) (18) Salaries and employee benefits (1) Amortization of prior service cost (14) (18) (18) Salaries and employee benefits (1) Total before tax (1,192) (1,153) (1,189) Tax effect 319 309 339 Income tax expense Net of tax $ (873) $ (844) $ (850) Total reclassifications, net of tax $ (1,020) $ (818) $ (646)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of information used to compute basic and diluted earnings per share	The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018: Year Ended December 31, (In thousands, except per share data) 2020 2019 2018 Net income $ 37,273 $ 58,322 $ 59,486 Weighted average shares outstanding for basic earnings per share 28,074,543 28,495,699 29,409,683 Add: Dilutive effect of employee stock options and awards 106,033 181,401 200,224 Weighted average shares outstanding for diluted earnings per share 28,180,576 28,677,100 29,609,907 Basic earnings per share $ 1.33 $ 2.05 $ 2.02 Diluted earnings per share $ 1.32 $ 2.03 $ 2.01

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Schedule of financial instruments with off-balance sheet risk	At December 31, 2020 and 2019, financial instruments with off-balance sheet risk were as follows: December 31, (Dollars in thousands) 2020 2019 Notional amount of: Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 1,176,065 $ 1,089,135 Standby letters of credit and financial guarantees written 10,544 10,526 Notional amount of: Financial instruments whose contract amounts exceed the amount of credit risk: Interest rate options 714 625 Forward interest rate contracts 16,603 8,968 Risk participation agreements 37,762 —

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of financial instruments	Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from financial institutions $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other financial institutions 6,521 6,521 6,521 — — Investment securities 1,183,960 1,183,960 1,351 1,170,283 12,326 Loans held for sale 16,687 16,687 — 16,687 — Loans, net of ACL 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings deposits 3,106,931 3,106,931 3,106,931 — — Time deposits 898,918 899,562 — — 899,562 FHLB advances and other short-term borrowings 22,000 22,000 — 22,000 — Long-term debt 105,385 92,488 — — 92,488 Accrued interest payable (included in other liabilities) 1,727 1,727 1,727 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Off-balance sheet financial instruments: Commitments to extend credit $ 1,176,065 $ 1,313 $ 1,313 $ — $ 1,313 $ — Standby letters of credit and financial guarantees written 10,544 158 158 — 158 — Derivatives: Interest rate lock commitments 714 18 18 — 18 — Forward sale commitments 16,603 (115) (115) — (115) — Risk participation agreements 37,762 (48) (48) — — (48) Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Financial assets: Cash and due from financial institutions $ 78,418 $ 78,418 $ 78,418 $ — $ — Interest-bearing deposits in other financial institutions 24,554 24,554 24,554 — — Investment securities 1,128,110 1,128,110 1,127 1,115,728 11,255 Loans held for sale 9,083 9,083 — 9,083 — Loans, net of ACL 4,401,569 4,392,477 — — 4,392,477 Accrued interest receivable 16,500 16,500 16,500 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,450,532 1,450,532 1,450,532 — — Interest-bearing demand and savings deposits 2,643,038 2,643,038 2,643,038 — — Time deposits 1,026,453 1,023,362 — — 1,023,362 FHLB advances and other short-term borrowings 150,000 150,000 — 150,000 — Long-term debt 101,547 97,827 — 97,827 — Accrued interest payable (included in other liabilities) 4,288 4,288 4,288 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Off-balance sheet financial instruments: Commitments to extend credit $ 1,089,135 $ 1,230 $ 1,230 $ — $ 1,230 $ — Standby letters of credit and financial guarantees written 10,526 158 158 — 158 — Derivatives: Interest rate lock commitments 625 8 8 — 8 — Forward sale commitments 8,968 (28) (28) — (28) —
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following table below presents the fair value of assets and liabilities measured on a recurring basis: Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2020 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 168,766 $ — $ 157,429 $ 11,337 Corporate securities 48,008 — 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,145 — 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 778,826 — 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 23,423 — 22,434 989 Commercial - U.S. GSEs and agencies 87,469 — 87,469 — Commercial - Non-GSEs 42,972 — 42,972 — Equity securities 1,351 1,351 — — Derivatives: Interest rate lock and forward sale commitments (145) — (97) (48) Total $ 1,183,815 $ 1,351 $ 1,170,186 $ 12,278 Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2019 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 122,018 $ — $ 110,763 $ 11,255 Corporate securities 30,529 — 30,529 — U.S. Treasury obligations and direct obligations of U.S Government agencies 40,381 — 40,381 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 677,822 — 677,822 — Residential - Non-government sponsored entities ("Non-GSEs") 37,191 — 37,191 — Commercial - U.S. GSEs and agencies 81,225 — 81,225 — Commercial - Non-GSEs 137,817 — 137,817 — Equity securities 1,127 1,127 — — Derivatives: Interest rate lock and forward sale commitments (20) — (20) — Total $ 1,128,090 $ 1,127 $ 1,115,708 $ 11,255
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: Available-For-Sale Debt Securities: (Dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Total Balance as of December 31, 2018 $ 11,169 $ — $ 11,169 Principal payments received (400) — (400) Purchases — — — Unrealized net gain included in other comprehensive income 486 — 486 Balance as of December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (428) — (428) Purchases — 989 989 Unrealized net gain included in other comprehensive income 510 — 510 Balance as of December 31, 2020 $ 11,337 $ 989 $ 12,326
Schedule of level of valuation assumptions used to determine the fair value of assets measured on a nonrecurring basis	: Fair Value Measurements Using (Dollars in thousands) Fair Value Quoted Prices Significant Significant Total December 31, 2020 Other real estate (1) $ — $ — $ — $ — $ — Total $ — December 31, 2019 Other real estate (1) $ 164 $ — $ 164 $ — $ — Total $ — (1) Represents other real estate that is carried at fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

PARENT COMPANY AND REGULATORY_2

PARENT COMPANY AND REGULATORY RESTRICTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Schedule of actual and required capital ratios as well as the minimum capital adequacy requirements applicable generally to all financial institutions	The following table sets forth actual and required capital and capital ratios for the Company and the bank, as well as the minimum capital adequacy requirements applicable generally to all financial institutions as of the dates indicated. Actual Minimum required for Minimum required to (Dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio Company As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) $ 581,358 8.8 % $ 263,979 4.0 % N/A Tier 1 capital to risk-weighted assets 581,358 12.9 271,027 6.0 N/A Total capital to risk-weighted assets 686,130 15.2 361,369 8.0 N/A Common equity tier 1 ("CET1") capital to risk-weighted assets 531,358 11.8 203,270 4.5 N/A As of December 31, 2019 Tier 1 capital to avg. assets (leverage ratio) 568,529 9.5 238,630 4.0 N/A Tier 1 capital to risk-weighted assets 568,529 12.6 271,788 6.0 N/A Total capital to risk-weighted assets 617,772 13.6 362,384 8.0 N/A CET1 capital to risk-weighted assets 518,529 11.5 203,841 4.5 N/A Central Pacific Bank As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) $ 620,372 9.4 % $ 263,735 4.0 % $ 329,668 5.0 % Tier 1 capital to risk-weighted assets 620,372 13.7 270,820 6.0 361,094 8.0 Total capital to risk-weighted assets 670,087 14.9 361,094 8.0 451,367 10.0 CET1 capital to risk-weighted assets 620,372 13.7 203,115 4.5 293,389 6.5 As of December 31, 2019 Tier 1 capital to avg. assets (leverage ratio) 556,077 9.3 238,342 4.0 297,928 5.0 Tier 1 capital to risk-weighted assets 556,077 12.3 271,350 6.0 361,800 8.0 Total capital to risk-weighted assets 605,320 13.4 361,800 8.0 452,250 10.0 CET1 capital to risk-weighted assets 556,077 12.3 203,512 4.5 293,962 6.5 (1) Under the Basel III Capital Rules, the Company and the bank must also maintain the required Capital Conservation Buffer ("CCB") to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. The CCB is calculated as a ratio of CET1 capital to risk-weighted assets, and effectively increases the required minimum risk-based capital ratios. The CCB requirement was phased in over a three-year period that began on January 1, 2016. The phase-in period ended on January 1, 2019, and the CCB is now at its fully phased-in level of 2.5%.
Schedule of condensed balance sheets	December 31, (Dollars in thousands) 2020 2019 Assets Cash and cash equivalents $ 11,184 $ 10,634 Equity investment securities, at fair value 1,351 1,127 Investment in subsidiary bank 635,673 564,460 Other assets 8,575 8,354 Total assets $ 656,783 $ 584,575 Liabilities and Equity Long-term debt $ 105,385 $ 51,547 Other liabilities 4,713 4,508 Total liabilities 110,098 56,055 Total shareholders’ equity 546,685 528,520 Total equity 546,685 528,520 Total liabilities and equity $ 656,783 $ 584,575
Schedule of condensed statements of operations	Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Income: Dividends from subsidiary bank $ 24,015 $ 42,008 $ 103,001 Interest income from subsidiary bank 4 5 5 Other income 52 92 160 Total income 24,071 42,105 103,166 Expense: Interest expense on long-term debt 2,095 2,453 4,338 Other expenses 1,293 2,599 1,617 Total expenses 3,388 5,052 5,955 Income before income taxes and equity in undistributed income of subsidiaries 20,683 37,053 97,211 Income tax expense (benefit) (690) (1,289) (1,261) Income before equity in undistributed income of subsidiaries 21,373 38,342 98,472 Equity in undistributed income (loss) of subsidiary bank 15,900 19,980 (38,986) Net income $ 37,273 $ 58,322 $ 59,486
Schedule of condensed statements of cash flows	Year Ended December 31, (Dollars in thousands) 2020 2019 2018 Cash flows from operating activities: Net income $ 37,273 $ 58,322 $ 59,486 Adjustments to reconcile net income to net cash provided by operating activities: Deferred income tax expense (benefit) 2,552 3,055 450 Net change in dividends receivable from subsidiary bank — 21,004 (21,004) Equity in undistributed loss (income) of subsidiary bank (15,900) (19,980) 38,986 Share-based compensation expense 3,231 2,735 2,778 Net change in other assets and liabilities (3,010) (2,900) (920) Net cash provided by operating activities 24,146 62,236 79,776 Cash flows from investing activities: Contributions to subsidiary bank (46,750) — — Distributions from unconsolidated subsidiaries — 622 622 Net cash provided by (used in) investing activities (46,750) 622 622 Cash flows from financing activities: Net proceeds from issuance of common stock and stock option exercises — 151 — Net proceeds from subordinated debt 53,838 — — Repayments of long-term debt — (20,619) (20,619) Repurchases of common stock (4,749) (22,793) (32,824) Cash dividends paid on common stock (25,935) (25,706) (24,143) Net cash provided by (used in) financing activities 23,154 (68,967) (77,586) Net increase (decrease) in cash and cash equivalents 550 (6,109) 2,812 Cash and cash equivalents at beginning of year 10,634 16,743 13,931 Cash and cash equivalents at end of year $ 11,184 $ 10,634 $ 16,743

UNAUDITED QUARTERLY FINANCIAL_2

UNAUDITED QUARTERLY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of unaudited quarterly financial information	(Dollars in thousands, except per share data) First Second Third Fourth Full Year 2020 Total interest income $ 53,814 $ 52,950 $ 51,753 $ 53,901 $ 212,418 Total interest expense 5,984 3,691 2,633 2,427 14,735 Net interest income 47,830 49,259 49,120 51,474 197,683 Provision (credit) for credit losses 9,329 10,640 14,652 4,496 39,117 Net interest income after provision (credit) for credit losses 38,501 38,619 34,468 46,978 158,566 Other operating income 8,886 10,692 11,563 14,057 45,198 Other operating expense 36,240 36,427 36,972 45,092 154,731 Income before income taxes 11,147 12,884 9,059 15,943 49,033 Income tax expense 2,821 2,967 2,200 3,772 11,760 Net income $ 8,326 $ 9,917 $ 6,859 $ 12,171 $ 37,273 Per Common Share: Basic earnings per share $ 0.30 $ 0.35 $ 0.24 $ 0.43 $ 1.33 Diluted earnings per share 0.29 0.35 0.24 0.43 1.32 Dividends declared per share 0.23 0.23 0.23 0.23 0.92 Performance Ratios: Return on average assets (ROA) 0.55 % 0.61 % 0.42 % 0.74 % 0.58 % Return on average equity (ROE) 6.21 % 7.34 % 4.99 % 8.87 % 6.85 % Efficiency Ratio 63.90 % 60.76 % 60.93 % 68.81 % 63.71 % Net Interest Margin 3.43 % 3.26 % 3.19 % 3.32 % 3.30 % (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2019 Total interest income $ 53,141 $ 54,105 $ 53,980 $ 55,157 $ 216,383 Total interest expense 8,028 8,727 8,331 7,223 32,309 Net interest income 45,113 45,378 45,649 47,934 184,074 Provision (credit) for credit losses 1,283 1,404 1,532 2,098 6,317 Net interest income after provision (credit) for credit losses 43,830 43,974 44,117 45,836 177,757 Other operating income 11,673 10,094 10,266 9,768 41,801 Other operating expense 34,348 36,107 34,934 36,242 141,631 Income before income taxes 21,155 17,961 19,449 19,362 77,927 Income tax expense 5,118 4,427 4,895 5,165 19,605 Net income $ 16,037 $ 13,534 $ 14,554 $ 14,197 $ 58,322 Per Common Share Basic earnings per share $ 0.56 $ 0.47 $ 0.51 $ 0.50 $ 2.05 Diluted earnings per share 0.55 0.47 0.51 0.50 2.03 Dividends declared per share 0.21 0.23 0.23 0.23 0.90 Performance Ratios Return on average assets (ROA) 1.10 % 0.92 % 0.99 % 0.95 % 0.99 % Return on average equity (ROE) 12.97 % 10.73 % 11.11 % 10.70 % 11.36 % Efficiency Ratio 60.49 % 65.09 % 62.48 % 62.81 % 62.70 % Net Interest Margin 3.34 % 3.33 % 3.30 % 3.43 % 3.35 %

RESERVE REQUIREMENTS (Details)

RESERVE REQUIREMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Central Bank
RESERVE REQUIREMENTS
Amount held as a reserve	$ 80.7	$ 58.7

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Description of Business) (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2020segment	Dec. 31, 2020segment	Dec. 31, 2020branchmachine
SEGMENT INFORMATION
Number of reportable segments	3
Number of operating segments		1
Central Bank
SEGMENT INFORMATION
Number of branches | branch			31
Number of ATMs | machine			69

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Principles of Consolidation, Investment Securities, Loans Held For Sale, Loans and Leases) (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)loan	Jan. 31, 2020	Dec. 31, 2019USD ($)
Consolidation
Investments in unconsolidated subsidiaries accounted for under the equity methods	$ 0.3	$ 0.3		$ 0.2
Proportional Amortization Investments	28.1	28.1		15.3
Investments in unconsolidated subsidiaries accounted for under the cost methods	1.6	1.6		1.6
Investment Securities
Available for sale accrued interest receivable	3.9	$ 3.9		4.3
Loans Held for Sale
Number of types of loans held for sale | loan		2
Loans
Accrued interest receivable on loans	16.2	$ 16.2		$ 12
Reserve against accrued receivable	0.2	$ 0.2
Provision for credit losses	$ 0.2
Oahu HomeLoans, LLC
Consolidation
Ownership interest			50.00%
Gentry Home Loans LLC
Consolidation
Ownership interest	50.00%	50.00%
Haseko Home Loans LLC
Consolidation
Ownership interest	50.00%	50.00%
Island Pacific HomeLoans, LLC
Consolidation
Ownership interest	50.00%	50.00%
Pacific Access Mortgage LLC
Consolidation
Ownership interest	50.00%	50.00%

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Premises and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Premises and Equipment
Right-of-use lease asset	$ 45,857	$ 52,348
Lease liability	$ 47,191	$ 52,632
Office buildings and improvements | Minimum
Premises and Equipment
Useful life	5 years
Office buildings and improvements | Maximum
Premises and Equipment
Useful life	39 years
Equipment | Minimum
Premises and Equipment
Useful life	1 year
Equipment | Maximum
Premises and Equipment
Useful life	7 years

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Other Intangible Assets and Non-Controlling Interest) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other Intangible Assets
Non-controlling interest	$ 48,000	$ 0
Core Deposit Premium
Other Intangible Assets
Amortization Period	14 years

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (New Accounting Policies and Accounting Standards Adopted) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit	$ 10,920	$ 19,102	$ 19,102
Allowance for credit loss		47,971
Reserve for off-balance sheet credit exposures (included in other liabilities)	$ 4,884	1,272	1,272	$ 1,243	$ 1,668
Other assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)		16,541
Commercial, financial & industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		8,136
Real estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		1,792
Real estate | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		13,327
Real estate | Home equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		4,206
Real estate | Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		11,113
Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		9,397
Impact of adoption of new accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit		3,155
Allowance for credit loss		3,566
Reserve for off-balance sheet credit exposures (included in other liabilities)		740	740	0	0
Impact of adoption of new accounting standards | Other assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)		1,151
Impact of adoption of new accounting standards | Commercial, financial & industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		(627)
Impact of adoption of new accounting standards | Real estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		479
Impact of adoption of new accounting standards | Real estate | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		608
Impact of adoption of new accounting standards | Real estate | Home equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		(1,614)
Impact of adoption of new accounting standards | Real estate | Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		2,624
Impact of adoption of new accounting standards | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		2,096
Adjusted balance at beginning of period
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit		22,257
Allowance for credit loss		51,537
Reserve for off-balance sheet credit exposures (included in other liabilities)		2,012	$ 2,012	$ 1,243	$ 1,668
Adjusted balance at beginning of period | Other assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)		17,692
Adjusted balance at beginning of period | Commercial, financial & industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		7,509
Adjusted balance at beginning of period | Real estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		2,271
Adjusted balance at beginning of period | Real estate | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		13,935
Adjusted balance at beginning of period | Real estate | Home equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		2,592
Adjusted balance at beginning of period | Real estate | Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		13,737
Adjusted balance at beginning of period | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		11,493
Accounting Standards Update 2016-13 | Impact of adoption of new accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		3,600
Reserve for off-balance sheet credit exposures (included in other liabilities)		700
Net deferred tax assets (included in other assets)		$ 1,100

INVESTMENT SECURITIES (Amortiza

INVESTMENT SECURITIES (Amortization Cost and Fair Value of Equity Investment Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Investment Holdings [Line Items]
Equity securities, amortized cost	$ 1,068	$ 935
Equity securities, fair value	1,351	$ 1,127
Debt securities, available-for-sale, amortized cost	$ 1,156,031
Accounting Standards Update 2017-12
Investment Holdings [Line Items]
Debt securities, available-for-sale, amortized cost			$ 148,500
Held to maturity, fair value			$ 144,300

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Available for Sale
Amortized cost	$ 1,156,031	$ 1,116,545
Gross unrealized gains	28,005	13,737
Gross unrealized losses	(1,427)	(3,299)
Available-for-sale debt securities, at fair value	1,182,609	1,126,983
ACL	0
Amortized Cost	1,068	935
Gross Unrealized Gains	283	192
Gross Unrealized Losses	0	0
Equity securities, at fair value	1,351	1,127
ACL	0
States and political subdivisions
Available for Sale
Amortized cost	163,573	119,755
Gross unrealized gains	5,370	2,303
Gross unrealized losses	(177)	(40)
Available-for-sale debt securities, at fair value	168,766	122,018
ACL	0
Corporate securities
Available for Sale
Amortized cost	47,351	30,277
Gross unrealized gains	788	252
Gross unrealized losses	(131)	0
Available-for-sale debt securities, at fair value	48,008	30,529
ACL	0
U.S. Treasury obligations and direct obligations of U.S Government agencies
Available for Sale
Amortized cost	33,413	40,769
Gross unrealized gains	18	10
Gross unrealized losses	(286)	(398)
Available-for-sale debt securities, at fair value	33,145	40,381
ACL	0
Residential - U.S. Government-sponsored entities ("GSEs")
Available for Sale
Amortized cost	762,309	673,918
Gross unrealized gains	16,816	6,003
Gross unrealized losses	(299)	(2,099)
Available-for-sale debt securities, at fair value	778,826	677,822
ACL	0
Residential - Non-government sponsored entities
Available for Sale
Amortized cost	22,671	36,377
Gross unrealized gains	786	830
Gross unrealized losses	(34)	(16)
Available-for-sale debt securities, at fair value	23,423	37,191
ACL	0
Commercial - Non-GSEs
Available for Sale
Amortized cost	41,309	134,676
Gross unrealized gains	1,663	3,141
Gross unrealized losses	0	0
Available-for-sale debt securities, at fair value	42,972	137,817
ACL	0
Commercial - U.S. GSEs and agencies
Available for Sale
Amortized cost	85,405	80,773
Gross unrealized gains	2,564	1,198
Gross unrealized losses	(500)	(746)
Available-for-sale debt securities, at fair value	87,469	$ 81,225
ACL	$ 0

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)security	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)
Available for Sale, Amortized Cost
Due in one year or less	$ 17,491
Due after one year through five years	32,863
Due after five years through ten years	93,241
Due after ten years	100,742
Mortgage-backed securities	1,156,031	$ 1,116,545
Total	1,156,031
Equity securities, amortized cost	1,068	935
Available for Sale, Estimated Fair Value
Due in one year or less	17,639
Due after one year through five years	33,965
Due after five years through ten years	95,862
Due after ten years	102,453
Available-for-sale debt securities, at fair value	1,182,609	1,126,983
Equity securities, at fair value	1,351	1,127
Available for sale
Gross proceeds from sale of available for sale investment securities	180,103	53,935	$ 10,014
Net gains (losses) on sales of investment securities	(201)	36	$ (279)
Gross realized losses	900	47
Gross realized gains	700	83
Investment securities pledged to party with no right to sell or repledge the collateral	$ 483,600	$ 719,800
Number of investment securities in an unrealized loss position | security	37	81
Residential - U.S. Government-sponsored entities ("GSEs")
Available for Sale, Amortized Cost
Mortgage-backed securities	$ 762,309	$ 673,918
Available for Sale, Estimated Fair Value
Available-for-sale debt securities, at fair value	778,826	677,822
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Available for Sale, Estimated Fair Value
Mortgage-backed securities	778,826
Commercial - Non-GSEs
Available for Sale, Amortized Cost
Mortgage-backed securities	41,309	134,676
Available for Sale, Estimated Fair Value
Available-for-sale debt securities, at fair value	42,972	137,817
Mortgage-backed Securities, Issued by Private Enterprises, Residential [Member]
Available for Sale, Amortized Cost
Mortgage-backed securities	22,671	36,377
Available for Sale, Estimated Fair Value
Available-for-sale debt securities, at fair value	23,423	37,191
Commercial - U.S. GSEs and agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	85,405	80,773
Available for Sale, Estimated Fair Value
Mortgage-backed securities	23,423
Available-for-sale debt securities, at fair value	87,469	$ 81,225
Residential - Non-Government Agencies
Available for Sale, Estimated Fair Value
Mortgage-backed securities	87,469
Mortgage Backed Securities Commercial Non Government Agencies [Member]
Available for Sale, Estimated Fair Value
Mortgage-backed securities	$ 42,972

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Dec. 31, 2020USD ($)securityshares	Mar. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)security
Investments, Debt and Equity Securities [Abstract]
Number of investment securities in an unrealized loss position | security	37		81
Investment Holdings [Line Items]
Less than 12 months, Fair Value	$ 126,530		$ 115,244
Less than 12 months, Unrealized Losses	(1,165)		(1,197)
12 months or longer, Fair Value	20,925		234,127
12 months or longer, Unrealized Losses	(262)		(2,102)
Total, Fair Value	147,455		349,371
Total, Unrealized Losses	(1,427)		(3,299)
Common Stock, Value, Issued	442,635		447,602
States and political subdivisions
Investment Holdings [Line Items]
Less than 12 months, Fair Value	21,313		1,754
Less than 12 months, Unrealized Losses	(177)		(9)
12 months or longer, Fair Value	0		801
12 months or longer, Unrealized Losses	0		(31)
Total, Fair Value	21,313		2,555
Total, Unrealized Losses	(177)		(40)
Corporate securities
Investment Holdings [Line Items]
Less than 12 months, Fair Value	4,869
Less than 12 months, Unrealized Losses	(131)
12 months or longer, Fair Value	0
12 months or longer, Unrealized Losses	0
Total, Fair Value	4,869
Total, Unrealized Losses	(131)
U.S. Treasury obligations and direct obligations of U.S Government agencies
Investment Holdings [Line Items]
Less than 12 months, Fair Value	5,980		18,882
Less than 12 months, Unrealized Losses	(24)		(143)
12 months or longer, Fair Value	20,925		19,031
12 months or longer, Unrealized Losses	(262)		(255)
Total, Fair Value	26,905		37,913
Total, Unrealized Losses	(286)		(398)
Residential - U.S. Government-sponsored entities ("GSEs")
Investment Holdings [Line Items]
Less than 12 months, Fair Value	76,402		54,335
Less than 12 months, Unrealized Losses	(299)		(283)
12 months or longer, Fair Value	0		214,295
12 months or longer, Unrealized Losses	0		(1,816)
Total, Fair Value	76,402		268,630
Total, Unrealized Losses	(299)		(2,099)
Residential - Non-government sponsored entities
Investment Holdings [Line Items]
Less than 12 months, Fair Value	989		8,206
Less than 12 months, Unrealized Losses	(34)		(16)
12 months or longer, Fair Value	0		0
12 months or longer, Unrealized Losses	0		0
Total, Fair Value	989		8,206
Total, Unrealized Losses	(34)		(16)
Commercial - Non-GSEs
Investment Holdings [Line Items]
Less than 12 months, Fair Value	16,977		32,067
Less than 12 months, Unrealized Losses	(500)		(746)
12 months or longer, Fair Value	0		0
12 months or longer, Unrealized Losses	0		0
Total, Fair Value	16,977		32,067
Total, Unrealized Losses	$ (500)		$ (746)
Common Class B | Visa
Investment Holdings [Line Items]
Investment Owned, Balance, Shares | shares	34,631
Common Class A | Visa
Investment Holdings [Line Items]
Common Stock, Value, Issued		$ 2,600
Investment Owned, Balance, Shares | shares		11,170

LOANS AND LEASES (Loans and Lea

LOANS AND LEASES (Loans and Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LOANS AND LEASES
Loans and leases, gross	$ 4,972,004	$ 4,446,695
Net deferred costs	(7,891)	2,845
Total loans	4,964,113	4,449,540
Commercial, financial and agricultural:
LOANS AND LEASES
Loans and leases, gross		570,089
Net deferred costs		215
Total loans		570,304
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
LOANS AND LEASES
Loans and leases, gross	425,993	0
Net deferred costs	(9,618)
Total loans	416,375
Commercial, financial and agricultural: | Other
LOANS AND LEASES
Loans and leases, gross	545,136	570,089
Net deferred costs	(45)
Total loans	545,091
Real estate | Construction
LOANS AND LEASES
Loans and leases, gross	125,625	96,139
Net deferred costs	(218)	(285)
Total loans	125,407	95,854
Real estate | Residential mortgage
LOANS AND LEASES
Loans and leases, gross	1,687,251	1,595,801
Net deferred costs	2,961	4,000
Total loans	1,690,212	1,599,801
Real estate | Home equity
LOANS AND LEASES
Loans and leases, gross	550,216	490,239
Net deferred costs	1,050	495
Total loans	551,266	490,734
Real estate | Commercial mortgage
LOANS AND LEASES
Loans and leases, gross	1,158,203	1,124,911
Net deferred costs	(1,875)	(1,496)
Total loans	1,156,328	1,123,415
Consumer | Other
LOANS AND LEASES
Loans and leases, gross	479,580	569,516
Net deferred costs	(146)	(84)
Total loans	$ 479,434	$ 569,432

LOANS AND LEASES (Narrative) (D

LOANS AND LEASES (Narrative) (Details) $ in Thousands	Mar. 27, 2020	Dec. 31, 2020USD ($)loansegment	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)	Aug. 31, 2020USD ($)segment
LOANS AND LEASES
Debt instrument, interest rate, stated percentage	1.00%
Number of loans issued by financial institutions through the SBA | segment					7,200
Loans issued by financial institutions through the SBA					$ 558,000
Processing fees from loans issued by financial institutions through the SBA					$ 21,000
Net deferred costs (income)		$ (7,891)	$ 2,845
Transfer of portfolio loans transferred to held for sale category number of nonperforming loans		3	0
Net transfer of portfolio loans to loans held for sale		$ 6,565	$ 0	$ 0
Gain (loss) on sale of loans		$ 100
Mortgage loans foreclosure, number | loan		0	1
Mortgage loans foreclosure, amount			$ 100
Mortgage loans foreclosure, gain on transfer			$ 22
Mortgage loans foreclosure, number sold | loan		2	1
Proceeds from sales of foreclosed loans and other real estate		$ 213	$ 140	46
Net loss on sales of foreclosed assets		(15)	(145)	$ 0
Gross loss on sales of foreclosed assets			200
Loans and Leases Receivable, Related Parties		42,300	36,300
Minimum
LOANS AND LEASES
Debt instrument, term	2 years
Debt issuance costs, percent	1.00%
Maximum
LOANS AND LEASES
Debt instrument, term	5 years
Debt issuance costs, percent	5.00%
Commercial, financial & industrial
LOANS AND LEASES
Net deferred costs (income)			215
Residential mortgage | Real estate
LOANS AND LEASES
Net deferred costs (income)		2,961	4,000
Loans in foreclosure		1,600	$ 600
Small Business Administration Paycheck Protection Program ("SBA PPP") | Commercial, financial & industrial
LOANS AND LEASES
Net deferred costs (income)		$ (9,618)

LOANS AND LEASES (Purchases) (D

LOANS AND LEASES (Purchases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 54,777	$ 141,762
Purchase premium (discount)	(1,619)	(1,677)
Purchase price	53,158	140,085
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	54,777	112,181
Purchase premium (discount)	(1,619)	(2,307)
Purchase price	53,158	109,874
Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	0	29,581
Purchase premium (discount)	0	630
Purchase price	$ 0	$ 30,211

LOANS AND LEASES (Allowance for

LOANS AND LEASES (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LOANS AND LEASES
Collateral-Dependent Financing Receivable	$ 11,659
Allocated ACL	209
Loans and leases :
Loans and leases	4,972,004	$ 4,446,695
Net deferred costs (income)	(7,891)	2,845
Total loans	4,964,113	4,449,540
1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	10,357
Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	626
Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	676
Commercial, financial and agricultural:
LOANS AND LEASES
Collateral-Dependent Financing Receivable	676
Allocated ACL	209
Loans and leases :
Loans and leases		570,089
Net deferred costs (income)		215
Total loans		570,304
Commercial, financial and agricultural: | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Commercial, financial and agricultural: | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Commercial, financial and agricultural: | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	676
Real Estate | Construction
Loans and leases :
Loans and leases	125,625	96,139
Net deferred costs (income)	(218)	(285)
Total loans	125,407	95,854
Real Estate | Residential mortgage
Loans and leases :
Loans and leases	1,687,251	1,595,801
Net deferred costs (income)	2,961	4,000
Total loans	1,690,212	1,599,801
Real Estate | Home equity
LOANS AND LEASES
Collateral-Dependent Financing Receivable	524
Allocated ACL	0
Loans and leases :
Loans and leases	550,216	490,239
Net deferred costs (income)	1,050	495
Total loans	551,266	490,734
Real Estate | Home equity | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	524
Real Estate | Home equity | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Real Estate | Home equity | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial mortgage
Loans and leases :
Loans and leases	1,158,203	1,124,911
Net deferred costs (income)	(1,875)	(1,496)
Total loans	1,156,328	1,123,415
Real Estate | Residential mortgage
LOANS AND LEASES
Collateral-Dependent Financing Receivable	9,833
Allocated ACL	0
Loans and leases :
Total loans	1,690,212
Real Estate | Residential mortgage | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	9,833
Real Estate | Residential mortgage | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Real Estate | Residential mortgage | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial mortgage
LOANS AND LEASES
Collateral-Dependent Financing Receivable	626
Allocated ACL	0
Loans and leases :
Total loans	1,156,328
Real Estate | Commercial mortgage | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial mortgage | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	626
Real Estate | Commercial mortgage | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0
Consumer | Other
Loans and leases :
Loans and leases	479,580	569,516
Net deferred costs (income)	(146)	(84)
Total loans	$ 479,434	$ 569,432

LOANS AND LEASES (Impaired Loan

LOANS AND LEASES (Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2017
Unpaid Principal Balance
Impaired loans with no related allowance recorded	$ 9,407
Impaired loans with an ACL recorded	484
Total	9,891
Recorded Investment
Impaired loans with no related allowance recorded	8,582
Impaired loans with an ACL recorded	484
Total	9,066
ACL Allocated
Impaired loans with an ACL recorded	235	$ 0	$ 209	$ 0
Average recorded investment on impaired loans
Average Recorded Investment	11,932	19,402
Interest income recognized on impaired loans
Interest Income Recognized	1,075	976
Commercial, financial & industrial
Unpaid Principal Balance
Impaired loans with no related allowance recorded	246
Impaired loans with an ACL recorded	467
Recorded Investment
Impaired loans with no related allowance recorded	135
Impaired loans with an ACL recorded	467
ACL Allocated
Impaired loans with an ACL recorded	218
Average recorded investment on impaired loans
Average Recorded Investment	214	435
Interest income recognized on impaired loans
Interest Income Recognized	9	24
Real estate | Construction
Average recorded investment on impaired loans
Average Recorded Investment	1,018	2,436
Interest income recognized on impaired loans
Interest Income Recognized	62	111
Real estate | Residential mortgage
Unpaid Principal Balance
Impaired loans with no related allowance recorded	7,230
Recorded Investment
Impaired loans with no related allowance recorded	6,516
Average recorded investment on impaired loans
Average Recorded Investment	8,322	12,681
Interest income recognized on impaired loans
Interest Income Recognized	905	662
Real estate | Home equity
Unpaid Principal Balance
Impaired loans with no related allowance recorded	92
Recorded Investment
Impaired loans with no related allowance recorded	92
Average recorded investment on impaired loans
Average Recorded Investment	277	482
Interest income recognized on impaired loans
Interest Income Recognized	13	0
Real estate | Commercial mortgage
Unpaid Principal Balance
Impaired loans with no related allowance recorded	1,839
Recorded Investment
Impaired loans with no related allowance recorded	1,839
Average recorded investment on impaired loans
Average Recorded Investment	2,098	3,368
Interest income recognized on impaired loans
Interest Income Recognized	86	179
Consumer
Unpaid Principal Balance
Impaired loans with an ACL recorded	17
Recorded Investment
Impaired loans with an ACL recorded	17
ACL Allocated
Impaired loans with an ACL recorded	17
Average recorded investment on impaired loans
Average Recorded Investment	3	0
Interest income recognized on impaired loans
Interest Income Recognized	$ 0	$ 0

LOANS AND LEASES (Aging of Reco

LOANS AND LEASES (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	$ 6,192	$ 1,555
Total Past Due and Nonaccrual	15,390	12,497
Loans and Leases Not Past Due	4,948,723	4,437,043
Total loans	4,964,113	4,449,540
Nonaccrual Loans with No ACL	4,639	1,071
Interest Income, Nonaccrual	400	3,100	$ 1,200
Interest Income, Accrual	200	300	400
Interest income collected and recognized on charged-off loans	200	300	$ 700
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	6,443	6,931
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,948	3,001
Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	807	1,010
Commercial, financial and agricultural:
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans		467
Total Past Due and Nonaccrual		1,808
Loans and Leases Not Past Due		568,496
Total loans		570,304
Nonaccrual Loans with No ACL		0
Commercial, financial and agricultural: | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		476
Commercial, financial and agricultural: | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		865
Commercial, financial and agricultural: | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0
Total Past Due and Nonaccrual	0
Loans and Leases Not Past Due	416,375
Total loans	416,375
Nonaccrual Loans with No ACL	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0
Commercial, financial and agricultural: | Other
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	1,461
Total Past Due and Nonaccrual	2,424
Loans and Leases Not Past Due	542,667
Total loans	545,091
Nonaccrual Loans with No ACL	0
Commercial, financial and agricultural: | Other | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	613
Commercial, financial and agricultural: | Other | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	350
Commercial, financial and agricultural: | Other | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0
Real estate | Construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	643
Loans and Leases Not Past Due	125,407	95,211
Total loans	125,407	95,854
Nonaccrual Loans with No ACL	0	0
Real estate | Construction | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	643
Real estate | Construction | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Construction | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Residential mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	4,115	979
Total Past Due and Nonaccrual	8,203	4,122
Loans and Leases Not Past Due	1,682,009	1,595,679
Total loans	1,690,212	1,599,801
Nonaccrual Loans with No ACL	4,115	979
Real estate | Residential mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,832	1,830
Real estate | Residential mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	689	589
Real estate | Residential mortgage | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	567	724
Real estate | Home equity
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	524	92
Total Past Due and Nonaccrual	800	1,058
Loans and Leases Not Past Due	550,466	489,676
Total loans	551,266	490,734
Nonaccrual Loans with No ACL	524	92
Real estate | Home equity | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	273	759
Real estate | Home equity | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	3	207
Real estate | Home equity | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Commercial mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	397
Loans and Leases Not Past Due	1,156,328	1,123,018
Total loans	1,156,328	1,123,415
Nonaccrual Loans with No ACL	0	0
Real estate | Commercial mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Commercial mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	397
Real estate | Commercial mortgage | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Consumer | Other
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	92	17
Total Past Due and Nonaccrual	3,963	4,469
Loans and Leases Not Past Due	475,471	564,963
Total loans	479,434	569,432
Nonaccrual Loans with No ACL	0	0
Consumer | Other | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,725	3,223
Consumer | Other | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	906	943
Consumer | Other | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 240	$ 286

LOANS AND LEASES (Modifications

LOANS AND LEASES (Modifications) (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)contract	Dec. 31, 2020USD ($)contractloan	Dec. 31, 2019USD ($)contractloan	Dec. 31, 2018USD ($)contractloan
Information related to loans modified in a TDR
Debt instrument, deferrals not classified as TDRs	$ 119,300,000	$ 119,300,000
Number of Loans | contract		13	1	3
Recorded Investment		$ 1,160,000	$ 104,000	$ 575,000
Increase in the ACL		$ 0	$ 0	$ 0
Loans modified as a TDR within the previous twelve months that subsequently defaulted
Number of loans modified as a TDR | loan		0	0	0
Accruing Loans 90+  Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 1	$ 1	$ 0
Consumer
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract		11
Number of Loans | contract		11
Recorded Investment		$ 207,000
Increase in the ACL		0
Consumer | Residential mortgage
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract	1
Combined principal balance of troubled debt restructurings included in nonperforming assets	$ 700,000	700,000
Consumer | Other
Information related to loans modified in a TDR
Combined principal balance of troubled debt restructurings included in nonperforming assets	200,000	$ 200,000
Real estate | Residential mortgage
Information related to loans modified in a TDR
Number of Loans | contract		1	1	3
Recorded Investment		$ 677,000	$ 104,000	$ 575,000
Increase in the ACL		$ 0	0	$ 0
Real estate | Commercial Mortgage
Information related to loans modified in a TDR
Number of Loans | contract		1
Recorded Investment		$ 276,000
Increase in the ACL		0
Nonperforming Financial Instruments
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	7,800,000	7,800,000	$ 7,500,000
Nonperforming Financial Instruments | Accruing Loans 90+  Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	700,000	$ 700,000
Nonperforming Financial Instruments | HAWAII | Residential portfolio segment
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan		2	1
Combined principal balance of troubled debt restructurings included in nonperforming assets	$ 300,000	$ 300,000	$ 300,000

LOANS AND LEASES (Forbearance o

LOANS AND LEASES (Forbearance or Deferrals) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
LOANS AND LEASES
Loan Count | loan	332
Loans on Active Forbearance or Deferral	$ 120,206
Accrued Interest Receivable	1,901
Loans	$ 4,964,113	$ 4,449,540
% of Asset Class	2.40%
% of Asset Class, Excluding PPP	0.026
Total Loans, excl. PPP	$ 4,547,738
Commercial, financial & industrial
LOANS AND LEASES
Loans		570,304
Commercial, financial & industrial | Commercial, financial & industrial
LOANS AND LEASES
Loan Count | loan	21
Loans on Active Forbearance or Deferral	$ 6,056
Accrued Interest Receivable	68
Loans	$ 961,466
% of Asset Class	0.60%
Commercial, financial & industrial | Other
LOANS AND LEASES
Loans	$ 545,091
% of Asset Class, Excluding PPP	0.011
Real estate | Construction
LOANS AND LEASES
Loan Count | loan	0
Loans on Active Forbearance or Deferral	$ 0
Accrued Interest Receivable	0
Loans	$ 125,407	95,854
% of Asset Class	0.00%
% of Asset Class, Excluding PPP	0
Real estate | Residential mortgage
LOANS AND LEASES
Loan Count | loan	152
Loans on Active Forbearance or Deferral	$ 70,384
Accrued Interest Receivable	1,580
Loans	$ 1,690,212
% of Asset Class	4.20%
% of Asset Class, Excluding PPP	0.042
Real estate | Home equity
LOANS AND LEASES
Loan Count | loan	0
Loans on Active Forbearance or Deferral	$ 0
Accrued Interest Receivable	0
Loans	$ 551,266	490,734
% of Asset Class	0.00%
% of Asset Class, Excluding PPP	0
Real estate | Commercial mortgage
LOANS AND LEASES
Loan Count | loan	10
Loans on Active Forbearance or Deferral	$ 41,442
Accrued Interest Receivable	235
Loans	$ 1,156,328
% of Asset Class	3.60%
% of Asset Class, Excluding PPP	0.036
Consumer | Other
LOANS AND LEASES
Loan Count | loan	149
Loans on Active Forbearance or Deferral	$ 2,324
Accrued Interest Receivable	18
Loans	$ 479,434	$ 569,432
% of Asset Class	0.50%
% of Asset Class, Excluding PPP	0.005

LOANS AND LEASES (Class and Cre

LOANS AND LEASES (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Recorded investment in the loans and leases, by class and credit indicator
2020	$ 1,353,673
2019	690,783
2018	504,631
2017	438,649
2016	364,528
Prior	940,544
Amortized Cost of Revolving Loans	671,305
Total	4,964,113
Loans and leases, gross	4,972,004	$ 4,446,695
Net deferred costs (income)	(7,891)	2,845
Total loans	4,964,113	4,449,540
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	4,779,727	4,366,276
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	142,499	38,957
Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	49,730	41,351
Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	48	111
Commercial, financial and agricultural:
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		570,089
Net deferred costs (income)		215
Total loans		570,304
Commercial, financial and agricultural: | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		523,342
Commercial, financial and agricultural: | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		20,677
Commercial, financial and agricultural: | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		26,070
Commercial, financial and agricultural: | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Recorded investment in the loans and leases, by class and credit indicator
2020	416,375
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	416,375
Loans and leases, gross	425,993	0
Net deferred costs (income)	(9,618)
Total loans	416,375
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	416,375
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	416,375
Loans and leases, gross	425,993
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Commercial, financial and agricultural: | Other
Recorded investment in the loans and leases, by class and credit indicator
2020	96,346
2019	72,619
2018	68,650
2017	74,826
2016	43,463
Prior	106,302
Amortized Cost of Revolving Loans	82,885
Total	545,091
Loans and leases, gross	545,136	570,089
Net deferred costs (income)	(45)
Total loans	545,091
Commercial, financial and agricultural: | Other | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	86,456
2019	55,660
2018	61,314
2017	47,672
2016	39,337
Prior	98,136
Amortized Cost of Revolving Loans	82,465
Total	471,040
Loans and leases, gross	471,085
Commercial, financial and agricultural: | Other | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	9,690
2019	16,120
2018	6,293
2017	26,109
2016	1,556
Prior	6,989
Amortized Cost of Revolving Loans	420
Total	67,177
Loans and leases, gross	67,177
Commercial, financial and agricultural: | Other | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2020	200
2019	839
2018	1,043
2017	1,045
2016	2,570
Prior	1,177
Amortized Cost of Revolving Loans	0
Total	6,874
Loans and leases, gross	6,874
Commercial, financial and agricultural: | Other | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Real estate | Construction
Recorded investment in the loans and leases, by class and credit indicator
2020	22,491
2019	29,518
2018	39,633
2017	9,365
2016	2,163
Prior	19,138
Amortized Cost of Revolving Loans	3,099
Total	125,407
Loans and leases, gross	125,625	96,139
Net deferred costs (income)	(218)	(285)
Total loans	125,407	95,854
Real estate | Construction | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	22,491
2019	29,518
2018	36,790
2017	9,365
2016	2,163
Prior	19,138
Amortized Cost of Revolving Loans	3,099
Total	122,564
Loans and leases, gross	122,782	96,139
Real estate | Construction | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	2,843
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	2,843
Loans and leases, gross	2,843	0
Real estate | Construction | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Construction | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Residential mortgage
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,687,251	1,595,801
Net deferred costs (income)	2,961	4,000
Total loans	1,690,212	1,599,801
Real estate | Residential mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,680,762	1,593,072
Real estate | Residential mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,736	840
Real estate | Residential mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	4,753	1,889
Real estate | Residential mortgage | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Home equity
Recorded investment in the loans and leases, by class and credit indicator
2020	17,582
2019	15,851
2018	15,567
2017	679
2016	1,223
Prior	4,916
Amortized Cost of Revolving Loans	495,448
Total	551,266
Loans and leases, gross	550,216	490,239
Net deferred costs (income)	1,050	495
Total loans	551,266	490,734
Real estate | Home equity | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	17,582
2019	15,851
2018	15,567
2017	679
2016	1,023
Prior	4,592
Amortized Cost of Revolving Loans	494,741
Total	550,035
Loans and leases, gross	548,985	490,147
Real estate | Home equity | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	707
Total	707
Loans and leases, gross	707	0
Real estate | Home equity | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	200
Prior	324
Amortized Cost of Revolving Loans	0
Total	524
Loans and leases, gross	524	92
Real estate | Home equity | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Commercial mortgage
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,158,203	1,124,911
Net deferred costs (income)	(1,875)	(1,496)
Total loans	1,156,328	1,123,415
Real estate | Commercial mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,051,122	1,094,364
Real estate | Commercial mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	69,786	17,440
Real estate | Commercial mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	37,295	13,107
Real estate | Commercial mortgage | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Residential mortgage
Recorded investment in the loans and leases, by class and credit indicator
2020	557,476
2019	276,645
2018	128,027
2017	137,689
2016	182,305
Prior	408,070
Amortized Cost of Revolving Loans	0
Total	1,690,212
Total loans	1,690,212
Real estate | Residential mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	556,479
2019	276,645
2018	127,490
2017	136,307
2016	180,782
Prior	406,020
Amortized Cost of Revolving Loans	0
Total	1,683,723
Real estate | Residential mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	997
2019	0
2018	0
2017	597
2016	142
Prior	0
Amortized Cost of Revolving Loans	0
Total	1,736
Real estate | Residential mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	537
2017	785
2016	1,381
Prior	2,050
Amortized Cost of Revolving Loans	0
Total	4,753
Real estate | Commercial mortgage
Recorded investment in the loans and leases, by class and credit indicator
2020	130,448
2019	148,056
2018	174,166
2017	171,471
2016	117,927
Prior	398,060
Amortized Cost of Revolving Loans	16,200
Total	1,156,328
Total loans	1,156,328
Real estate | Commercial mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	130,448
2019	144,244
2018	123,519
2017	166,618
2016	104,381
Prior	363,837
Amortized Cost of Revolving Loans	16,200
Total	1,049,247
Real estate | Commercial mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	2,021
2018	31,647
2017	2,919
2016	13,546
Prior	19,653
Amortized Cost of Revolving Loans	0
Total	69,786
Real estate | Commercial mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	1,791
2018	19,000
2017	1,934
2016	0
Prior	14,570
Amortized Cost of Revolving Loans	0
Total	37,295
Consumer | Other
Recorded investment in the loans and leases, by class and credit indicator
2020	112,955
2019	148,094
2018	78,588
2017	44,619
2016	17,447
Prior	4,058
Amortized Cost of Revolving Loans	73,673
Total	479,434
Loans and leases, gross	479,580	569,516
Net deferred costs (income)	(146)	(84)
Total loans	479,434	569,432
Consumer | Other | Pass
Recorded investment in the loans and leases, by class and credit indicator
2020	112,955
2019	147,940
2018	78,486
2017	44,571
2016	17,445
Prior	4,032
Amortized Cost of Revolving Loans	73,423
Total	478,852
Loans and leases, gross	478,998	569,212
Consumer | Other | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	250
Total	250
Loans and leases, gross	250	0
Consumer | Other | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	138
2018	102
2017	22
2016	0
Prior	22
Amortized Cost of Revolving Loans	0
Total	284
Loans and leases, gross	284	193
Consumer | Other | Loss
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	16
2018	0
2017	26
2016	2
Prior	4
Amortized Cost of Revolving Loans	0
Total	48
Loans and leases, gross	$ 48	$ 111

ALLOWANCE FOR LOAN AND LEASE _3

ALLOWANCE FOR LOAN AND LEASE LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in the allowance
Beginning balance				$ 47,971				$ 47,916	$ 47,971	$ 47,916	$ 50,001
Provision (credit) for credit losses	$ 4,496	$ 14,652	$ 10,640	9,329	$ 2,098	$ 1,532	$ 1,404	1,283	39,117	6,317	(1,124)
Provision (credit) for credit losses, excluding accrued interest receivable									38,930
Subtotal									90,467	54,233	48,877
Charge-offs									11,355	10,748	10,175
Recoveries									4,157	4,486	9,214
Net charge-offs (recoveries)									7,198	6,262	961
Ending balance	83,269				47,971				83,269	47,971	47,916
Reserve against accrued receivable	200								200
Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				3,566					3,566
Ending balance					3,566					3,566
Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				51,537					51,537
Ending balance					51,537					51,537
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Changes in the allowance
Beginning balance				0				0	0	0	0
Provision (credit) for credit losses										0	0
Provision (credit) for credit losses, excluding accrued interest receivable									304
Subtotal									304	0	0
Charge-offs									0	0	0
Recoveries									0	0	0
Net charge-offs (recoveries)									0	0	0
Ending balance	304				0				304	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				0					0
Ending balance					0					0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				0					0
Ending balance					0					0
Commercial, financial and agricultural: | Other
Changes in the allowance
Beginning balance				8,136				8,027	8,136	8,027	7,594
Provision (credit) for credit losses										1,413	2,082
Provision (credit) for credit losses, excluding accrued interest receivable									13,077
Subtotal									20,586	9,440	9,676
Charge-offs									3,026	2,478	2,852
Recoveries									1,157	1,174	1,203
Net charge-offs (recoveries)									1,869	1,304	1,649
Ending balance	18,717				8,136				18,717	8,136	8,027
Commercial, financial and agricultural: | Other | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				(627)					(627)
Ending balance					(627)					(627)
Commercial, financial and agricultural: | Other | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				7,509					7,509
Ending balance					7,509					7,509
Real estate | Construction
Changes in the allowance
Beginning balance				1,792				1,202	1,792	1,202	1,835
Provision (credit) for credit losses										(20)	(6,392)
Provision (credit) for credit losses, excluding accrued interest receivable									1,875
Subtotal									4,146	1,182	(4,557)
Charge-offs									0	0	0
Recoveries									131	610	5,759
Net charge-offs (recoveries)									(131)	(610)	(5,759)
Ending balance	4,277				1,792				4,277	1,792	1,202
Real estate | Construction | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				479					479
Ending balance					479					479
Real estate | Construction | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				2,271					2,271
Ending balance					2,271					2,271
Real estate | Residential mortgage
Changes in the allowance
Beginning balance				13,327				14,349	13,327	14,349	14,328
Provision (credit) for credit losses										(1,546)	(183)
Provision (credit) for credit losses, excluding accrued interest receivable									2,383
Subtotal									16,318	12,803	14,145
Charge-offs									63	0	0
Recoveries									229	524	204
Net charge-offs (recoveries)									(166)	(524)	(204)
Ending balance	16,484				13,327				16,484	13,327	14,349
Real estate | Residential mortgage | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				608					608
Ending balance					608					608
Real estate | Residential mortgage | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				13,935					13,935
Ending balance					13,935					13,935
Real estate | Home equity
Changes in the allowance
Beginning balance				4,206				3,788	4,206	3,788	3,317
Provision (credit) for credit losses										381	444
Provision (credit) for credit losses, excluding accrued interest receivable									2,824
Subtotal									5,416	4,169	3,761
Charge-offs									0	5	0
Recoveries									33	42	27
Net charge-offs (recoveries)									(33)	(37)	(27)
Ending balance	5,449				4,206				5,449	4,206	3,788
Real estate | Home equity | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				(1,614)					(1,614)
Ending balance					(1,614)					(1,614)
Real estate | Home equity | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				2,592					2,592
Ending balance					2,592					2,592
Real estate | Commercial mortgage
Changes in the allowance
Beginning balance				11,113				13,358	11,113	13,358	16,801
Provision (credit) for credit losses										(2,270)	(3,495)
Provision (credit) for credit losses, excluding accrued interest receivable									8,485
Subtotal									22,222	11,088	13,306
Charge-offs									75	0	0
Recoveries									16	25	52
Net charge-offs (recoveries)									59	(25)	(52)
Ending balance	22,163				11,113				22,163	11,113	13,358
Real estate | Commercial mortgage | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				2,624					2,624
Ending balance					2,624					2,624
Real estate | Commercial mortgage | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				13,737					13,737
Ending balance					13,737					13,737
Consumer | Other
Changes in the allowance
Beginning balance				9,397				$ 7,192	9,397	7,192	6,126
Provision (credit) for credit losses										8,359	6,420
Provision (credit) for credit losses, excluding accrued interest receivable									9,982
Subtotal									21,475	15,551	12,546
Charge-offs									8,191	8,265	7,323
Recoveries									2,591	2,111	1,969
Net charge-offs (recoveries)									5,600	6,154	5,354
Ending balance	$ 15,875				9,397				15,875	9,397	$ 7,192
Consumer | Other | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance				2,096					2,096
Ending balance					2,096					2,096
Consumer | Other | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance				$ 11,493					$ 11,493
Ending balance					$ 11,493					$ 11,493

ALLOWANCE FOR LOAN AND LEASE _4

ALLOWANCE FOR LOAN AND LEASE LOSSES (Reserve For Off-Balance Sheet Credit Exposure) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2020	Dec. 31, 2017
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)	$ 4,884	$ 1,272	$ 1,243	$ 1,272	$ 1,668
Impact of adoption of new accounting standards
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)		740	0	740	0
Adjusted balance at beginning of period
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)		2,012	1,243	$ 2,012	$ 1,668
Provision for off-balance sheet credit exposures	$ 2,872	$ 29	$ (425)

ALLOWANCE FOR LOAN AND LEASE _5

ALLOWANCE FOR LOAN AND LEASE LOSSES (Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in the allowance for loan and lease losses for impaired loans
Balance, beginning of year	$ 235	$ 0	$ 0
Provision for credit losses	(26)	235	0
Balance, end of year	$ 209	$ 235	$ 0

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Premises and Equipment
Gross premises and equipment	$ 174,587	$ 155,215
Accumulated depreciation and amortization	(109,309)	(108,872)
Net premises and equipment	65,278	46,343
Land
Premises and Equipment
Gross premises and equipment	11,616	8,309
Office buildings and improvements
Premises and Equipment
Gross premises and equipment	125,132	107,840
Furniture, fixtures and equipment
Premises and Equipment
Gross premises and equipment	$ 37,839	$ 39,066

PREMISES AND EQUIPMENT (Depreci

PREMISES AND EQUIPMENT (Depreciation and Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Premises and Equipment
Depreciation and amortization of premises and equipment	$ 6,223	$ 6,139	$ 6,288
Net occupancy
Premises and Equipment
Depreciation and amortization of premises and equipment	3,616	3,401	3,527
Equipment
Premises and Equipment
Depreciation and amortization of premises and equipment	$ 2,607	$ 2,738	$ 2,761

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Unfunded low income housing commitment	$ 17,184	$ 11,500

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in low income housing tax credit partnerships	$ 28,090	$ 15,322
Investments in common securities of statutory trusts	1,547	1,547
Investments in affiliates	277	192
Other	54	54
Total	$ 29,968	$ 17,115

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES Investment in LHIC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Amortization expense recognized in income tax expense	$ 1,391	$ 681	$ 1,005
Federal and state tax credits recognized in income tax expense	$ 1,599	$ 803	$ 759

INVESTMENTS IN UNCONSOLIDATED_6

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Future Commitments) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments in and Advances to Affiliates [Abstract]
2019	$ 10,518
2020	6,579
2021	10
2022	28
2023	6
Thereafter	43
Affordable Housing Program Obligation	$ 17,184	$ 11,500

CORE DEPOSIT PREMIUM AND MORT_2

CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
OTHER INTANGIBLE ASSETS
Loans Serviced For Others				$ 1,730,000	$ 1,890,000
Mortgage banking income	$ 13,682	$ 6,685	$ 8,062
Changes in other intangible assets
Balance, beginning of period	14,718	15,596	17,849
Additions	3,314	1,582	1,612
Amortization	(6,167)	(2,460)	(3,865)
Balance, end of period	11,865	14,718	15,596
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value				115,551	112,237
Accumulated Amortization				(103,686)	(97,519)
Net Carrying Value	11,865	14,718	15,596	11,865	14,718
Estimated Amortization Expense
Net Carrying Value	11,865	14,718	15,596	11,865	14,718
Core Deposit Premium
Changes in other intangible assets
Balance, beginning of period	0	0	2,006
Additions	0	0	0
Amortization	0	0	(2,006)
Balance, end of period	0	0	0
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value				44,642	44,642
Accumulated Amortization				(44,642)	(44,642)
Net Carrying Value	0	0	0	0	0
Estimated Amortization Expense
Net Carrying Value	0	0	0	0	0
Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Mortgage banking income	3,300	1,600	1,600
Changes in other intangible assets
Balance, beginning of period	14,718	15,596	15,843
Additions	3,314	1,582	1,612
Amortization	(6,167)	(2,460)	(1,859)
Balance, end of period	11,865	14,718	15,596
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value				70,909	67,595
Accumulated Amortization				(59,044)	(52,877)
Net Carrying Value	11,865	14,718	15,596	11,865	14,718
Estimated Amortization Expense
2019				4,725
2020				3,815
2021				3,145
2022				180
2023				0
Thereafter				0
Net Carrying Value	11,865	14,718	15,596	$ 11,865	$ 14,718
Other disclosures
Fair market value, beginning of period	15,820	17,696
Fair market value, end of period	$ 12,003	$ 15,820	$ 17,696
Measurement Input, Discount Rate [Member] | Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Debt Instrument, Measurement Input				0.096	0.095
Measurement Input, Constant Prepayment Rate [Member] | Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Debt Instrument, Measurement Input				0.176	0.142

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Millions	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2019USD ($)$ / shares
Designated as Hedging Instrument
DERIVATIVES
Derivative, Number of Instruments Held | $ / shares	0	0
Interest rate lock commitments | Derivative instruments not designated as hedging instruments.
DERIVATIVES
Mortgage loans hedged	$ 0.7	$ 0.6
Forward sale commitments | Derivative instruments not designated as hedging instruments.
DERIVATIVES
Mortgage loans hedged	$ 16.6	$ 9

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivative instruments not designated as hedging instruments. - Derivatives - Interest rate contracts - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Asset Derivatives
Fair Value	$ 18	$ 8
Liability Derivatives
Fair Value	$ 163	$ 28

(Income Statement) (Details)

(Income Statement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ (76)	$ 63	$ (70)
Derivative instruments not designated as hedging instruments. | Derivatives - Interest rate contracts
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	(76)	$ 63	$ (70)
Derivative instruments not designated as hedging instruments. | Risk participation agreements | Other service charges and fees
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 1,323

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
2019	$ 804,701,000
2020	58,320,000
2021	15,952,000
2022	11,500,000
2023	8,111,000
Thereafter	334,000
Maturities of time deposits of $250,000 or more
Three months or less	282,610,000
Over three months through six months	233,739,000
Over six months through twelve months	112,245,000
2020	31,313,000
2021	3,835,000
2022	890,000
2023	1,824,000
Thereafter	0
Time deposits of $250,000 or more	666,456,000	$ 766,400,000
Time	898,918,000	1,026,453,000
FDIC insurance limit	250,000
Overdrawn deposit accounts	$ 400,000	$ 900,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SHORT-TERM BORROWINGS
Maximum borrowing capacity	$ 1,810,000,000
Amount outstanding at December 31	22,000,000	$ 150,000,000	$ 197,000,000
Interest expense on short-term borrowings	718,000	4,285,000	1,236,000
Average amount outstanding during year	89,904,000	185,909,000	50,630,000
Highest month-end balance during year	$ 222,000,000	$ 334,500,000	$ 197,000,000
Weighted average interest rate on balances outstanding at December 31	0.29%	1.81%	2.59%
Weighted average interest rate during year	0.80%	2.31%	2.44%
Federal Home Loan Bank Borrowings [Member]
SHORT-TERM BORROWINGS
Standby letters of credit issued	$ 268,000,000	$ 78,900,000
Federal Reserve discount window line of credit | Central Bank
SHORT-TERM BORROWINGS
Additional unused borrowings available	64,500,000	65,300,000
Commercial real estate and commercial loans pledged as collateral	136,900,000	$ 126,100,000
FHLB line of credit
SHORT-TERM BORROWINGS
Additional unused borrowings available	1,520,000,000
Commercial real estate and commercial loans pledged as collateral	$ 2,750,000,000

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	1 Months Ended			12 Months Ended
	Dec. 31, 2004USD ($)	Sep. 30, 2004USD ($)	Oct. 31, 2003trust	Dec. 31, 2020USD ($)period	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2020USD ($)	Jan. 31, 2019USD ($)
Debt Instrument [Line Items]
Long-term debt				$ 105,385,000	$ 101,547,000
Federal Reserve Bank Stock, Loans Pledged				0			$ 65,900,000
Federal Reserve Bank Stock				0			$ 65,900,000
Interest expense				$ 3,602,000	$ 4,080,000	$ 4,556,000
Number of wholly-owned statutory trusts created | trust			2
CPB Capital Trust II
Debt Instrument [Line Items]
Trust preferred securities, redemption amount								$ 20,000,000
CPB Capital Trust III
Debt Instrument [Line Items]
Trust preferred securities, redemption amount						20,000,000
CPB Capital Trust IV
Debt Instrument [Line Items]
Trust preferred securities issued		$ 30,000,000
Variable rate basis		three-month LIBOR
Basis spread		2.45%		0.0245%	0.0245%
Common securities issued to the Company		$ 900,000
CPB Capital Trust V
Debt Instrument [Line Items]
Trust preferred securities issued	$ 20,000,000
Variable rate basis	three-month LIBOR
Basis spread	1.87%			0.0187%	0.0187%
Common securities issued to the Company	$ 600,000
FHLB line of credit
Debt Instrument [Line Items]
Long-term debt				$ 0	$ 50,000,000
Additional unused capacity available				1,520,000,000
Real estate loans pledged as collateral				2,750,000,000
Interest expense				1,500,000	1,600,000	$ 200,000
Subordinated debentures
Debt Instrument [Line Items]
Long-term debt				$ 51,547,000	51,547,000
Number of consecutive quarterly periods for which payments of interest can be deferred without default or penalty (up to) | period				20
Subordinated debentures | Maximum
Debt Instrument [Line Items]
Redemption period of trust preferred securities, the subordinated debentures and the common securities, following the occurrence of certain events				90 days
Subordinated debentures | CPB Capital Trust IV
Debt Instrument [Line Items]
Long-term debt				$ 30,900,000
Subordinated debentures | CPB Capital Trust V
Debt Instrument [Line Items]
Long-term debt				20,600,000
Subordinated notes
Debt Instrument [Line Items]
Long-term debt				$ 53,838,000	$ 0

LONG-TERM DEBT (Future Principa

LONG-TERM DEBT (Future Principal Payments) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Future principal payments on long-term debt based on final maturity
2020	$ 0
2021	0
2022	0
2023	0
2024	0
Thereafter	106,547
Total	$ 106,547

LONG-TERM DEBT (Schedule of Sub

LONG-TERM DEBT (Schedule of Subordinated Borrowing) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 31, 2004	Sep. 30, 2004	Dec. 31, 2020	Dec. 31, 2019
CPB Capital Trust IV
Debt Instrument [Line Items]
Basis spread		2.45%	0.0245%	0.0245%
CPB Capital Trust V
Debt Instrument [Line Items]
Basis spread	1.87%		0.0187%	0.0187%
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			$ 51,547	$ 51,547
Junior Subordinated Debt [Member] | Trust IV [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			30,928	30,928
Junior Subordinated Debt [Member] | Trust V [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			$ 20,619	$ 20,619

LONG-TERM DEBT (Subordinated No

LONG-TERM DEBT (Subordinated Notes) (Details) - USD ($)	Oct. 20, 2020	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated notes		$ 106,547,000
Long-term debt		105,385,000	$ 101,547,000
Subordinated notes
Debt Instrument [Line Items]
Long-term debt		53,838,000	$ 0
Subordinated notes | Subordinated Notes
Debt Instrument [Line Items]
Subordinated notes		$ 55,000,000
Stated interest rate, first five years	4.75%	0.0475%
Debt face amount	$ 55,000,000
Debt instrument, term	10 years
Long-term debt		$ 53,800,000
Unamortized debt issuance costs		$ 1,200,000
Subordinated notes | Subordinated Notes | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%

EQUITY (Details)

EQUITY (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
EQUITY
Amount authorized under the Repurchase Plan	$ 30,000
Remaining amount available for repurchase	$ 19,800
Repurchase plan expiration period	1 year
Number of shares in remaining available for repurchase		26,600,000
Common stock repurchased		$ 4,749	$ 22,793	$ 32,824
Central Bank
EQUITY
Retained earnings		82,500
Common Stock
EQUITY
Common stock repurchased		$ 4,749	$ 22,793	$ 32,824
Common Stock | Existing Share Repurchase Plan
EQUITY
Number of shares repurchased or acquired through tender offer		206,802
Value of shares repurchased or acquired through tender offer		$ 4,700
Common shares outstanding
EQUITY
Number of shares repurchased or acquired through tender offer		206,802	797,003	1,155,157

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
In-scope other operating income									$ 23,797	$ 25,894
Out-of-scope other operating income									21,401	15,907
Total other operating income	$ 14,057	$ 11,563	$ 10,692	$ 8,886	$ 9,768	$ 10,266	$ 10,094	$ 11,673	45,198	41,801	$ 38,804
Mortgage banking income
Revenue from External Customer [Line Items]
In-scope other operating income									1,128	702
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income									6,234	8,406
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income									11,621	12,536
Income from fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income									4,829	4,395
Net gain (loss) sale of foreclosed assets
Revenue from External Customer [Line Items]
In-scope other operating income									$ (15)	$ (145)

MORTGAGE BANKING INCOME (Detail

MORTGAGE BANKING INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
Net loan servicing fees	$ 23,797	$ 25,894
Amortization of mortgage servicing rights	(6,167)	(2,460)	$ (1,859)
Net gain on sales of residential loans	16,043	4,128	4,085
Unrealized gain (loss) on interest rate locks	(76)	63	(70)
Loan placement fees	1,128	702	747
Total mortgage banking income	13,682	6,685	8,062
Bank Servicing
Revenue from External Customer [Line Items]
Net loan servicing fees	$ 2,754	$ 4,252	$ 5,159

SHARE-BASED COMPENSATION (Share

SHARE-BASED COMPENSATION (Share-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SHARE-BASED COMPENSATION
Income Tax Benefit, Due to Vesting of Restricted Stock	$ (300)	$ 300	$ 100
Net share-based compensation effect	3,178	2,958	2,815
Salaries and employee benefits
SHARE-BASED COMPENSATION
Net share-based compensation effect	3,822	4,289	3,787
Directors stock awards
SHARE-BASED COMPENSATION
Net share-based compensation effect	165	96	255
Income tax benefit
SHARE-BASED COMPENSATION
Net share-based compensation effect	$ (809)	(1,427)	(1,227)
Stock Option
SHARE-BASED COMPENSATION
Equity instruments other than options, aggregate intrinsic value, outstanding		$ 200	$ 200
Contractual terms	10 years
Minimum | Stock Option
SHARE-BASED COMPENSATION
Vesting period	3 years

SHARE-BASED COMPENSATION (Equit

SHARE-BASED COMPENSATION (Equity Incentive Plans and Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2007	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Apr. 30, 2013	Apr. 30, 2011	Mar. 31, 2011	Sep. 30, 2004
SHARE-BASED COMPENSATION
Grants in period		0	0
Stock Option
SHARE-BASED COMPENSATION
Equity instruments other than options, aggregate intrinsic value, outstanding			$ 200	$ 200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 629
Contractual terms		10 years
Vested shares		0	0	0
Grants in period		0	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 0
Shares
Outstanding at the beginning of the period (in shares)		133,813
Changes during the period
Exercised (shares)		0
Expired (in shares)		0
Forfeited (in shares)		0
Outstanding at the end of the period (in shares)		133,813	133,813
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		133,813
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$ 14.31
Changes during the period:
Exercised (in dollars per share)		0
Expired (in dollars per share)		0
Forfeited (in dollars per share)		0
Outstanding at the end of the period (in dollars per share)		14.31	$ 14.31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 14.31
Weighted Average Remaining Contractual Term
Outstanding		1 year 3 months 18 days
Vested and exercisable		1 year 3 months 18 days
Aggregate Intrinsic Value
Outstanding		$ 629
Stock Option | Stock Compensation 2004 Plan
SHARE-BASED COMPENSATION
Shares authorized for grants						4,944,831	1,402,589	1,500,000
Additional shares authorized for grants	1,000,000	996,850	1,304,773	1,468,137
Stock Option | Stock Option 2013 Plan
SHARE-BASED COMPENSATION
Shares authorized for grants					2,200,000
Stock Option | Minimum
SHARE-BASED COMPENSATION
Vesting period		3 years
Stock Option | Maximum
SHARE-BASED COMPENSATION
Vesting period		5 years

SHARE-BASED COMPENSATION (Restr

SHARE-BASED COMPENSATION (Restricted Stock Awards and Units) (Details) - Restricted Stock Awards and Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Activity of nonvested shares
Nonvested at the beginning of the period (in shares)	366,467	362,725	397,551
Changes during the period:
Granted (in shares)	322,180	181,431	118,846
Forfeited (in shares)	(28,058)	(17,689)	(25,481)
Vested (in shares)	(128,215)	(160,000)	(128,191)
Nonvested at the end of the period (in shares)	532,374	366,467	362,725
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 28.89	$ 26.98	$ 25.49
Changes during the period:
Granted (in dollars per share)	18.11	28.89	29.47
Forfeited (in dollars per share)	23.79	29.10	27.39
Vested (in dollars per share)	29.48	24.55	24.59
Nonvested at the end of the period (in dollars per share)	$ 22.49	$ 28.89	$ 26.98
Additional disclosures
Weighted-average period for recognition of compensation cost not yet recognized	2 years
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 6,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 3,780	$ 3,927	$ 3,763
Minimum
Additional disclosures
Vesting period	3 years
Maximum
Additional disclosures
Vesting period	5 years

PENSION PLANS (Defined Benefit

PENSION PLANS (Defined Benefit Retirement Plan) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
PENSION PLANS
Consecutive period of service considered for highest average annual salaries for calculation of benefits under the reactivated plan	60 months
Increase in unrecognized prior service cost due to reactivation of the plan	$ 5,900
Amortization period of increase in prior service cost	13 years
Change in benefit obligation
Benefit obligation at beginning of year	$ 21,603	$ 20,746
Interest cost	641	828	$ 796
Actuarial (gains) losses	1,288	1,677
Benefits paid	(1,613)	(1,648)
Benefit obligation at end of the year	21,919	21,603	20,746
Change in plan assets, at fair value:
Fair value of plan assets at beginning of year	21,309	19,874
Actual return on plan assets	1,457	3,083
Benefits paid	(1,613)	(1,648)
Fair value of plan assets at end of year	21,153	21,309	19,874
Funded status at end of year	(766)	(294)
Amounts recognized in AOCI
Net actuarial losses	$ (6,467)	$ (6,625)
Benefit obligation actuarial assumptions:
Weighted average discount rate	2.30%	3.10%
Components of net periodic benefit cost
Interest cost	$ 641	$ 828	796
Expected return on plan assets	(920)	(996)	(1,206)
Amortization of net actuarial losses	909	1,101	979
Net periodic benefit cost	$ 630	$ 933	$ 569
Net periodic cost actuarial assumptions
Weighted average discount rate	3.10%	4.20%	3.60%
Expected long-term rate of return on plan assets	4.50%	5.30%	5.50%
SERPs
Change in benefit obligation
Benefit obligation at beginning of year	$ 11,971	$ 10,355
Interest cost	341	430	$ 389
Actuarial (gains) losses	737	1,517
Benefits paid	(309)	(331)
Benefit obligation at end of the year	12,740	11,971	10,355
Change in plan assets, at fair value:
Fair value of plan assets at beginning of year	0	0
Employer contributions	309	331
Benefits paid	(309)	(331)
Fair value of plan assets at end of year	0	0	0
Funded status at end of year	(12,740)	(11,971)
Amounts recognized in AOCI
Net transition obligation	(44)	(64)
Prior service cost	0	(14)
Net actuarial losses	(3,070)	(2,583)
Total amounts recognized in AOCI	$ (3,114)	$ (2,661)
Benefit obligation actuarial assumptions:
Weighted average discount rate	2.10%	3.00%
Components of net periodic benefit cost
Interest cost	$ 341	$ 430	389
Amortization of net actuarial (gains) losses	251	16	174
Amortization of net transition obligation	18	18	18
Amortization of net actuarial losses	14	18	18
Net periodic benefit cost	$ 624	$ 482	$ 599
Net periodic cost actuarial assumptions
Weighted average discount rate	3.10%	4.20%	3.50%

PENSION PLANS (Asset Allocation

PENSION PLANS (Asset Allocations) (Details) - Pension Plan - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	100.00%	100.00%
Equity securities
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	39.50%	39.10%
Equity securities included the entity's common stock	$ 0.1	$ 0.1
Debt Securities
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	56.10%	57.50%
Other
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	4.40%	3.40%

PENSION PLANS (Fair Value of De

PENSION PLANS (Fair Value of Defined Benefit) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	$ 21,153	$ 21,309	$ 19,874
SERPs
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0	$ 0
Expected contribution to the defined benefit retirement plan	300
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	16,643	16,809
Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	4,510	4,500
Money market accounts | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	928	727
Money market accounts | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	928	727
Mutual funds | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	13,462	13,434
Mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	13,462	13,434
Government obligations | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	2,334	2,587
Government obligations | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	2,334	2,587
Common Stock | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	1,993	2,475
Common Stock | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	1,993	2,475
Preferred Stock | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	260	173
Preferred Stock | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	260	173
Corporate securities | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	2,176	1,913
Corporate securities | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	$ 2,176	$ 1,913

PENSION PLANS (Amortization of

PENSION PLANS (Amortization of AOCI and Estimated Future Benefit Payments) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Pension Plan
Estimated future benefit payments
2021	$ 1,628
2022	1,576
2023	1,518
2024	1,486
2025	1,448
2026-2030	6,267
Total	13,923
SERPs
Estimated future benefit payments
2021	304
2022	471
2023	640
2024	629
2025	617
2026-2030	4,334
Total	$ 6,995

401 (K) RETIREMENT SAVINGS PLAN

401 (K) RETIREMENT SAVINGS PLAN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Employee's elective deferrals	100.00%
Matching contributions by employer (up to)	4.00%
Vesting period	3 years
Discretionary contribution percentage	$ 1,250
Discretionary contribution, maximum amount	2.00%
Employer matching contributions to the Retirement Savings Plan	$ 2,100,000	$ 2,300,000	$ 2,100,000

OPERATING LEASES (Net Rent Expe

OPERATING LEASES (Net Rent Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2020
OPERATING LEASES
Right-of-use lease asset	$ 45,857	$ 52,348
Total net rent expense			$ 8,549
Operating Lease, Cost	6,621	6,514
Variable Lease, Cost	2,689	2,637
Sublease Income	(15)	(44)
Lease, Cost	9,295	9,107
Cash flows from operating leases	$ (6,371)	$ (6,230)	0
Operating Lease, Weighted Average Remaining Lease Term, Duration	11 years 10 months 28 days	13 years 6 months 3 days
Operating Lease, Weighted Average Discount Rate, Percent		3.92%		3.89%
Net Occupancy
OPERATING LEASES
Add: rent expense charged to equipment expense			8,578
Less: sublease income			(41)
Total net rent expense			8,537
Equipment
OPERATING LEASES
Add: rent expense charged to equipment expense			$ 12
Minimum
OPERATING LEASES
Period for which option to extend the lease term is available	5 years
Maximum
OPERATING LEASES
Period for which option to extend the lease term is available	15 years

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Rental Commitments) (Details) $ in Thousands	Sep. 30, 2020USD ($)
Undiscontinued Cash Flows
2020	$ 6,408
2021	5,954
2022	5,396
2023	5,091
2024	4,795
Thereafter	32,086
Total	59,730
Lease Liability Expense [Abstract]
2020	1,726
2021	1,559
2022	1,405
2023	1,262
2024	1,117
Thereafter	5,470
Total	12,539
2020	4,682
2021	4,395
2022	3,991
2023	3,829
2024	3,678
Thereafter	26,616
Total	$ 47,191

OPERATING LEASES (Operating Lea

OPERATING LEASES (Operating Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Leases, Operating [Abstract]
Total rental income recognized	$ 2,071	$ 2,098

OPERATING LEASES (Future Mini_2

OPERATING LEASES (Future Minimum Rental Income) (Details) $ in Thousands	Sep. 30, 2020USD ($)
Future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year
2020	$ 2,177
2021	1,772
2022	772
2023	264
2024	135
Thereafter	190
Total	$ 5,310

INCOME TAXES (Income Tax Expens

INCOME TAXES (Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current
Federal									$ 22,014	$ 23,359	$ 10,812
State									2,833	211	72
Total									24,847	23,570	10,884
Deferred
Federal									(12,952)	(8,970)	2,137
State									(135)	5,005	5,737
Total									(13,087)	(3,965)	7,874
Total
Total	$ 3,772	$ 2,200	$ 2,967	$ 2,821	$ 5,165	$ 4,895	$ 4,427	$ 5,118	$ 11,760	19,605	18,758
Reconciliation between the income tax benefit and the expected tax benefit
U.S. Federal corporate tax rate									21.00%
Computed "expected" tax expense (benefit)									$ 10,297	16,365	16,430
Increase (decrease) in taxes resulting from:
Tax-exempt interest income									(528)	(675)	(808)
Other tax-exempt income									(799)	(652)	(445)
Low-income housing and energy tax credits									(332)	(182)	35
State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance									2,590	4,345	4,756
Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense									(22)	(41)	140
Tax Cuts And Jobs Act of 2017, Change In Tax Rate, Deferred Tax Asset, Income Tax Expense (Benefit)									0	0	1,542
Other, net									554	445	192
Total	$ 3,772	$ 2,200	$ 2,967	$ 2,821	$ 5,165	$ 4,895	$ 4,427	$ 5,118	11,760	19,605	18,758
Income Tax Benefit, Due to Vesting of Restricted Stock									$ (300)	$ 300	$ 100

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Lease liability	$ 12,624	$ 14,095
Allowance for credit losses	17,576	10,136
Accrued expenses	2,447	1,795
Employee retirement benefits	3,143	2,847
Federal and state tax credit carryforwards	0	1,821
State net operating loss carryforwards	3,134	3,181
Restricted stock and non-qualified stock options	963	954
Restricted stock and non-qualified stock options	3,996	3,365
Other	4,787	2,488
Total deferred tax assets	48,670	40,682
Deferred tax liabilities
Right-of-use lease asset	12,267	14,019
Intangible assets	3,174	3,941
Other	3,383	2,761
Total deferred tax liabilities	18,824	20,721
Less: Deferred tax valuation allowance	3,398	3,420
Deferred Tax Assets, Net, Total	26,448	16,541
Net change in the total valuation allowance	$ 22	$ 41

INCOME TAXES (Tax Credit Carryf

INCOME TAXES (Tax Credit Carryforwards) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Operating loss carryforwards
Net deferred tax assets	$ 26,448,000	$ 16,541,000
Valuation allowance	3,398,000	3,420,000
Valuation allowance, increase (decrease)	(22,000)	(41,000)
Net of valuation allowance	26,400,000	$ 16,500,000
Unrecognized tax benefits that, if recognized would favorably affect the effective income tax rate	0
State | CALIFORNIA
Operating loss carryforwards
Valuation allowance	3,200,000
Net operating loss carryforwards	36,600,000
State | HAWAII
Operating loss carryforwards
Capital loss carryforwards	6,200,000
Valuation allowance	$ 200,000

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net unrealized gains/losses on investment securities, Before Tax
Net unrealized gains/(losses) arising during the period	$ 15,939	$ 37,696	$ (19,063)
Add: Reclassification adjustment for losses realized in net income	201	(36)	(279)
Net unrealized gains/(losses) on investment securities	16,140	37,660	(19,342)
Defined benefit plans, Before Tax
Net actuarial gains/losses arising during the period	(1,488)	(1,106)	264
Other comprehensive income (loss)	15,844	37,707	(17,889)
Net unrealized gains/losses on investment securities, Tax Effect
Net unrealized gains/losses arising during the period	4,260	10,102	(5,145)
Less: Reclassification adjustment for gains/losses realized in net income	54	(10)	(75)
Net unrealized gains (losses) on investment securities	4,314	10,092	(5,220)
Defined benefit plans, Tax Effect
Net actuarial gains/losses arising during the period	(508)	(296)	71
Other comprehensive income (loss)	4,125	10,105	(4,810)
Net unrealized gains/losses on investment securities, Net of Tax
Net unrealized gains/losses arising during the period	11,679	27,594	(13,918)
Less: Reclassification adjustment for gains/losses realized in net income	147	(26)	(204)
Net unrealized gains (losses) on investment securities	11,826	27,568	(14,122)
Defined benefit plans, Net of Tax
Net actuarial gains/losses arising during the period	(980)	(810)	193
Total other comprehensive income (loss), net of tax	11,719	27,602	(13,079)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	1,160	1,117	1,153
Defined benefit plans, Tax Effect
Amortization of net transition obligation	310	299	329
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	850	818	824
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	18	18	18
Defined benefit plans, Tax Effect
Amortization of net transition obligation	5	5	5
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	13	13	13
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	14	18	18
Defined benefit plans, Tax Effect
Amortization of net transition obligation	4	5	5
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	10	13	13
Defined Benefit Plans
Defined benefit plans, Before Tax
Other comprehensive income (loss)	296	(47)	(1,453)
Defined benefit plans, Tax Effect
Other comprehensive income (loss)	189	(13)	(410)
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	873	844	850
Total other comprehensive income (loss), net of tax	$ (107)	$ 34	$ 1,043

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period		$ 528,520
Impact of adoption of new accounting standards	[1]			$ 0
Total other comprehensive income (loss), net of tax		11,719	$ 27,602	(13,079)
Balance at the end of the period		546,685	528,520
Investment Securities
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period		14,825	(9,643)	5,073
Impact of adoption of new accounting standards				(455)
Other comprehensive income (loss) before reclassifications		11,679	27,594	(13,918)
Amounts reclassified from AOCI		147	(26)	(204)
Total other comprehensive income (loss), net of tax		11,826	27,568	(14,122)
Balance at the end of the period		26,651	14,825	(9,643)
Investment Securities | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(3,100)	(139)
Balance at the end of the period				(3,100)
Investment Securities | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(12,743)	4,934
Balance at the end of the period				(12,743)
Defined Benefit Plans
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period		(6,416)	(6,450)	(6,112)
Impact of adoption of new accounting standards				(1,381)
Other comprehensive income (loss) before reclassifications		(980)	(810)	193
Amounts reclassified from AOCI		873	844	850
Total other comprehensive income (loss), net of tax		(107)	34	1,043
Balance at the end of the period		(6,523)	(6,416)	(6,450)
Defined Benefit Plans | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			0	0
Balance at the end of the period				0
Defined Benefit Plans | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(6,450)	(6,112)
Balance at the end of the period				(6,450)
AOCI
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period		8,409	(16,093)	(1,039)
Impact of adoption of new accounting standards	[1]			(1,836)
Other comprehensive income (loss) before reclassifications		10,699	26,784	(13,725)
Amounts reclassified from AOCI		1,020	818	646
Total other comprehensive income (loss), net of tax		11,719	27,602	(13,079)
Balance at the end of the period		$ 20,128	8,409	(16,093)
AOCI | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(3,100)	(139)
Balance at the end of the period				(3,100)
AOCI | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			$ (19,193)	(1,178)
Balance at the end of the period				$ (19,193)
[1]	Represents the impact of the adoption of ASU 2018-02.

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified Out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Amounts reclassified out of each component of accumulated other comprehensive income
Net gains (losses) on sales of investment securities									$ (201)	$ 36	$ (279)
Income tax benefit (expense)	$ (3,772)	$ (2,200)	$ (2,967)	$ (2,821)	$ (5,165)	$ (4,895)	$ (4,427)	$ (5,118)	(11,760)	(19,605)	(18,758)
Net of tax									16,140	37,660	(19,342)
Total reclassifications, net of tax	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 14,197	$ 14,554	$ 13,534	$ 16,037	37,273	58,322	59,486
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total reclassifications, net of tax									(1,020)	(818)	(646)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,160)	(1,117)	(1,153)
Reclassification from AOCI, Current Period, Tax									(310)	(299)	(329)
Net of tax									(850)	(818)	(824)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,160)	(1,117)	(1,153)
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(18)	(18)	(18)
Reclassification from AOCI, Current Period, Tax									(5)	(5)	(5)
Net of tax									(13)	(13)	(13)
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(18)	(18)	(18)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(14)	(18)	(18)
Reclassification from AOCI, Current Period, Tax									(4)	(5)	(5)
Net of tax									(10)	(13)	(13)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(14)	(18)	(18)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Net of tax									(147)	26	204
Investment Securities | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net gains (losses) on sales of investment securities									(201)	36	279
Income tax benefit (expense)									54	(10)	(75)
Net of tax									(147)	26	204
Defined Benefit Plans
Amounts reclassified out of each component of accumulated other comprehensive income
Net of tax									(873)	(844)	(850)
Defined Benefit Plans | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,192)	(1,153)	(1,189)
Reclassification from AOCI, Current Period, Tax									(319)	(309)	(339)
Net of tax									$ (873)	$ (844)	$ (850)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SHARE-BASED COMPENSATION
Net income	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 14,197	$ 14,554	$ 13,534	$ 16,037	$ 37,273	$ 58,322	$ 59,486
Weighted average shares outstanding - basic (in shares)									28,074,543	28,495,699	29,409,683
Weighted average shares outstanding - diluted (in shares)									28,180,576	28,677,100	29,609,907
Basic earnings per share (in dollars per share)	$ 0.43	$ 0.24	$ 0.35	$ 0.30	$ 0.50	$ 0.51	$ 0.47	$ 0.56	$ 1.33	$ 2.05	$ 2.02
Diluted earnings per share (in dollars per share)	$ 0.43	$ 0.24	$ 0.35	$ 0.29	$ 0.50	$ 0.51	$ 0.47	$ 0.55	$ 1.32	$ 2.03	$ 2.01
Antidilutive securities excluded from the dilutive share calculation (in shares)									0	0	0
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements (in shares)									106,033	181,401	200,224

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Commitments to extend credit
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 1,176,065	$ 1,089,135
Standby letters of credit and financial guarantees written
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	10,544	10,526
Interest rate options
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount	714	625
Forward interest rate contracts
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount	$ 16,603	8,968
Interest rate lock commitments | Not Designated as Hedging Instrument [Member] | Interest rate options
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability		625
Forward interest rate contracts | Not Designated as Hedging Instrument [Member] | Forward interest rate contracts
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability		8,968
Risk participation agreements | Not Designated as Hedging Instrument [Member]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability		$ 0

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Loans, weighted average discount rate, percent	3.41%
Time deposits, weighted average discount rate, percent	0.39%
Long -term debt, weighted average discount rate, percent	5.19%
Financial assets
Cash and due from financial institutions	$ 97,546	$ 78,418
Interest-bearing deposits in other financial institutions	6,521	24,554
Loans held for sale	16,687	9,083
Federal Home Loan Bank ("FHLB") stock	8,237	14,983
Accrued interest receivable	20,224	16,500
Financial liabilities
Noninterest-bearing demand	1,790,269	1,450,532
Time deposits	898,918	1,026,453
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from financial institutions	97,546	78,418
Interest-bearing deposits in other financial institutions	6,521	24,554
Investment securities	1,351	1,127
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	0	0
Loans, net of ACL	0	0
Accrued interest receivable	20,224	16,500
Financial liabilities
Noninterest-bearing demand	1,790,269	1,450,532
Interest-bearing demand and savings deposits	3,106,931	2,643,038
Time deposits	0	0
FHLB advances and other short-term borrowings	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	1,727	4,288
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and due from financial institutions	0	0
Interest-bearing deposits in other financial institutions	0	0
Investment securities	1,170,283	1,115,728
Loans held for sale	16,687	9,083
Loans, net of ACL	0	0
Accrued interest receivable	0	0
Financial liabilities
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	0	0
FHLB advances and other short-term borrowings	22,000	150,000
Long-term debt	0	97,827
Accrued interest payable (included in other liabilities)	0	0
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and due from financial institutions	0	0
Interest-bearing deposits in other financial institutions	0	0
Investment securities	12,326	11,255
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	0	0
Loans, net of ACL	4,795,776	4,392,477
Accrued interest receivable	0	0
Financial liabilities
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	899,562	1,023,362
FHLB advances and other short-term borrowings	0	0
Long-term debt	92,488	0
Accrued interest payable (included in other liabilities)	0	0
Carrying Amount
Financial assets
Cash and due from financial institutions	97,546	78,418
Interest-bearing deposits in other financial institutions	6,521	24,554
Investment securities	1,183,960	1,128,110
Loans held for sale	16,687	9,083
Loans, net of ACL	4,880,844	4,401,569
Accrued interest receivable	20,224	16,500
Financial liabilities
Noninterest-bearing demand	1,790,269	1,450,532
Interest-bearing demand and savings deposits	3,106,931	2,643,038
Time deposits	898,918	1,026,453
FHLB advances and other short-term borrowings	22,000	150,000
Long-term debt	105,385	101,547
Accrued interest payable (included in other liabilities)	1,727	4,288
Estimated Fair Value
Financial assets
Cash and due from financial institutions	97,546	78,418
Interest-bearing deposits in other financial institutions	6,521	24,554
Investment securities	1,183,960	1,128,110
Loans held for sale	16,687	9,083
Loans, net of ACL	4,795,776	4,392,477
Accrued interest receivable	20,224	16,500
Financial liabilities
Noninterest-bearing demand	1,790,269	1,450,532
Interest-bearing demand and savings deposits	3,106,931	2,643,038
Time deposits	899,562	1,023,362
FHLB advances and other short-term borrowings	22,000	150,000
Long-term debt	92,488	97,827
Accrued interest payable (included in other liabilities)	1,727	4,288
Commitments to extend credit
Financial liabilities
Off-balance sheet financial instruments:	1,176,065	1,089,135
Commitments to extend credit | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Commitments to extend credit | Significant Other Observable Inputs (Level 2)
Financial liabilities
Off-balance sheet financial instruments:	1,313	1,230
Commitments to extend credit | Significant Unobservable Inputs (Level 3)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Commitments to extend credit | Carrying Amount
Financial liabilities
Off-balance sheet financial instruments:	1,313	1,230
Commitments to extend credit | Estimated Fair Value
Financial liabilities
Off-balance sheet financial instruments:	1,313	1,230
Standby letters of credit and financial guarantees written
Financial liabilities
Off-balance sheet financial instruments:	10,544	10,526
Standby letters of credit and financial guarantees written | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Standby letters of credit and financial guarantees written | Significant Other Observable Inputs (Level 2)
Financial liabilities
Off-balance sheet financial instruments:	158	158
Standby letters of credit and financial guarantees written | Significant Unobservable Inputs (Level 3)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Standby letters of credit and financial guarantees written | Carrying Amount
Financial liabilities
Off-balance sheet financial instruments:	158	158
Standby letters of credit and financial guarantees written | Estimated Fair Value
Financial liabilities
Off-balance sheet financial instruments:	158	158
Interest rate options
Financial liabilities
Derivative, Notional Amount	714	625
Interest rate options | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0	0
Interest rate options | Significant Other Observable Inputs (Level 2)
Financial liabilities
Financial Liabilities Fair Value Disclosure	18	8
Interest rate options | Significant Unobservable Inputs (Level 3)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0	0
Interest rate options | Carrying Amount
Financial liabilities
Financial Liabilities Fair Value Disclosure	18	8
Interest rate options | Estimated Fair Value
Financial liabilities
Financial Liabilities Fair Value Disclosure	18	8
Forward interest rate contracts
Financial liabilities
Derivative, Notional Amount	16,603	8,968
Risk participation agreements
Financial liabilities
Derivative, Notional Amount	37,762
Recurring basis | Forward interest rate contracts | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Forward interest rate contracts | Significant Other Observable Inputs (Level 2)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(115)	(28)
Recurring basis | Forward interest rate contracts | Significant Unobservable Inputs (Level 3)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Forward interest rate contracts | Carrying Amount
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(115)	(28)
Recurring basis | Forward interest rate contracts | Estimated Fair Value
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(115)	$ (28)
Recurring basis | Risk participation agreements | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0
Recurring basis | Risk participation agreements | Significant Other Observable Inputs (Level 2)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0
Recurring basis | Risk participation agreements | Significant Unobservable Inputs (Level 3)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(48)
Recurring basis | Risk participation agreements | Carrying Amount
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(48)
Recurring basis | Risk participation agreements | Estimated Fair Value
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	$ (48)

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 1,182,609	$ 1,126,983
Available-for-sale Securities, Equity Securities	1,351	1,127
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	168,766	122,018
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	48,008	30,529
U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	33,145	40,381
Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	87,469	81,225
Recurring basis
Assets and liabilities measured at fair value
Total	1,183,815	1,128,090
Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	(145)	(20)
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	168,766	122,018
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	48,008	30,529
Recurring basis | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	33,145	40,381
Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	778,826	677,822
Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	23,423	37,191
Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	87,469	81,225
Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,972	137,817
Recurring basis | Equity securities
Assets and liabilities measured at fair value
Available-for-sale Securities, Equity Securities	1,351	1,127
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis
Assets and liabilities measured at fair value
Total	1,351	1,127
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Available-for-sale Securities, Equity Securities	1,351	1,127
Significant Other Observable Inputs (Level 2) | Recurring basis
Assets and liabilities measured at fair value
Total	1,170,186	1,115,708
Significant Other Observable Inputs (Level 2) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	(97)	(20)
Significant Other Observable Inputs (Level 2) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	157,429	110,763
Significant Other Observable Inputs (Level 2) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	48,008	30,529
Significant Other Observable Inputs (Level 2) | Recurring basis | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	33,145	40,381
Significant Other Observable Inputs (Level 2) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	778,826	677,822
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	22,434	37,191
Significant Other Observable Inputs (Level 2) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	87,469	81,225
Significant Other Observable Inputs (Level 2) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,972	137,817
Significant Other Observable Inputs (Level 2) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Available-for-sale Securities, Equity Securities	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis
Assets and liabilities measured at fair value
Total	12,278	11,255
Significant Unobservable Inputs (Level 3) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	(48)	0
Significant Unobservable Inputs (Level 3) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	11,337	11,255
Significant Unobservable Inputs (Level 3) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	989	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Available-for-sale Securities, Equity Securities	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES (Level 3 Assets and Liabilities) (Details)	12 Months Ended
	Dec. 31, 2020USD ($)bondsecurity	Dec. 31, 2019USD ($)
Additional disclosures
Transfers of financial assets (liability) into Level 3	$ 1
Transfers of financial assets (liability) out of Level 3	0
Mortgage revenue bonds
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	11,255,000	$ 11,169,000
Principal payments received	(428,000)	(400,000)
Purchases	989,000	0
Unrealized net gain included in other comprehensive income	510,000	486,000
Aggregate fair value / Balance at the end of the period	$ 12,326,000	11,255,000
Additional disclosures
Number of investment securities held | bond	4
Mortgage revenue bonds | States and political subdivisions
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	$ 11,255,000	11,169,000
Principal payments received	(428,000)	(400,000)
Purchases	0	0
Unrealized net gain included in other comprehensive income	510,000	486,000
Aggregate fair value / Balance at the end of the period	11,337,000	11,255,000
Mortgage revenue bonds | Residential - Non-Government Agencies
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	0	0
Principal payments received	0	0
Purchases	989,000	0
Unrealized net gain included in other comprehensive income	0	0
Aggregate fair value / Balance at the end of the period	$ 989,000	$ 0
Additional disclosures
Number of investment securities held | security	2
Measurement Input, Discount Rate [Member] | Mortgage revenue bonds | Weighted average
Fair Value Of Financial Assets And Liabilities
Debt Instrument, Measurement Input	0.0283

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES (Assets Measured on a Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets measured at fair value on a nonrecurring basis
Other real estate owned, net	$ 0	$ 164
Nonrecurring basis
Total Losses
Other real estate	0	0
Total Losses	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned, net	0	0
Significant Other Observable Inputs (Level 2) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned, net	0	164
Significant Unobservable Inputs (Level 3) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned, net	$ 0	$ 0

PARENT COMPANY AND REGULATORY_3

PARENT COMPANY AND REGULATORY RESTRICTIONS (Required Capital and Capital Ratios) (Details) $ in Thousands	Jan. 01, 2019	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018	Dec. 31, 2017
Leverage capital
Actual Amount		$ 581,358	$ 568,529
Actual Ratio		0.088	0.095
Minimum amount required to be adequately capitalized		$ 263,979	$ 238,630
Minimum ratio required to be adequately capitalized		0.040	0.040
Tier 1 risk-based capital
Actual Amount		$ 581,358	$ 568,529
Actual Ratio		0.129	0.126
Minimum amount required to be adequately capitalized		$ 271,027	$ 271,788
Minimum ratio required to be adequately capitalized		0.060	0.060
Total risk-based capital
Actual Amount		$ 686,130	$ 617,772
Actual Ratio		0.152	0.136
Minimum amount required to be adequately capitalized		$ 361,369	$ 362,384
Minimum ratio required to be adequately capitalized		0.080	0.080
CET1 risk-based capital
Actual Amount		$ 531,358	$ 518,529
Actual Ratio		11.80%	11.50%
Minimum amount required for capital adequacy purposes		$ 203,270	$ 203,841
Minimum ratio required for capital adequacy purposes		4.50%	4.50%
Capital Conservation Buffer, Year One				1.25%	0.625%
Capital Conservation Buffer, Year Two			1.875%
Capital Conservation Buffer, Year Three	0.025%	2.50%
Capital Conservation Buffer, Year Four	2.50%
Central Bank
PARENT COMPANY AND REGULATORY RESTRICTIONS
Equity in undistributed losses		$ (399,100)
Retained earnings		82,500
Leverage capital
Actual Amount		$ 620,372	$ 556,077
Actual Ratio		0.094	0.093
Minimum amount required to be adequately capitalized		$ 263,735	$ 238,342
Minimum ratio required to be adequately capitalized		0.040	0.040
Minimum amount required to be well-capitalized		$ 329,668	$ 297,928
Minimum ratio required to be well-capitalized		0.050	0.050
Tier 1 risk-based capital
Actual Amount		$ 620,372	$ 556,077
Actual Ratio		0.137	0.123
Minimum amount required to be adequately capitalized		$ 270,820	$ 271,350
Minimum ratio required to be adequately capitalized		0.060	0.060
Minimum amount required to be well-capitalized		$ 361,094	$ 361,800
Minimum ratio required to be well-capitalized		0.080	0.080
Total risk-based capital
Actual Amount		$ 670,087	$ 605,320
Actual Ratio		0.149	0.134
Minimum amount required to be adequately capitalized		$ 361,094	$ 361,800
Minimum ratio required to be adequately capitalized		0.080	0.080
Minimum amount required to be well-capitalized		$ 451,367	$ 452,250
Minimum ratio required to be well-capitalized		0.100	0.100
CET1 risk-based capital
Actual Amount		$ 620,372	$ 556,077
Actual Ratio		13.70%	12.30%
Minimum amount required for capital adequacy purposes		$ 203,115	$ 203,512
Minimum ratio required for capital adequacy purposes		4.50%	4.50%
Minimum amount equired to be well-capitalized		$ 293,389	$ 293,962
Minimum ratio required to be well-capitalized		6.50%	6.50%

PARENT COMPANY AND REGULATORY_4

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Balance Sheets) (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Equity investment securities, at fair value	$ 1,182,609,000	$ 1,126,983,000
Total assets	6,594,583,000	6,012,672,000
Liabilities and Shareholders' Equity
Long-term debt	105,385,000	101,547,000
Other liabilities	77,156,000	59,950,000
Total liabilities	6,047,850,000	5,484,152,000
Shareholders' equity:
Total shareholders' equity	546,685,000	528,520,000
Non-controlling interest	48,000	0
Total equity	546,733,000	528,520,000	$ 491,725,000	$ 500,035,000
Total liabilities and equity	6,594,583,000	6,012,672,000
Parent
Assets
Cash and cash equivalents	11,184,000	10,634,000	$ 16,743,000		$ 13,931,000
Equity investment securities, at fair value	1,351,000	1,127,000
Investment in subsidiary bank	635,673,000	564,460,000
Other assets	8,575,000	8,354,000
Total assets	656,783,000	584,575,000
Liabilities and Shareholders' Equity
Long-term debt	105,385,000	51,547,000
Other liabilities	4,713,000	4,508,000
Total liabilities	110,098,000	56,055,000
Shareholders' equity:
Total shareholders' equity	546,685,000	528,520,000
Total equity	546,685,000	528,520,000
Total liabilities and equity	$ 656,783,000	$ 584,575,000

PARENT COMPANY AND REGULATORY_5

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Expense:
Interest on long-term debt									$ 3,602	$ 4,080	$ 4,556
Income tax expense	$ 3,772	$ 2,200	$ 2,967	$ 2,821	$ 5,165	$ 4,895	$ 4,427	$ 5,118	11,760	19,605	18,758
Net income	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 14,197	$ 14,554	$ 13,534	$ 16,037	37,273	58,322	59,486
Parent
Income:
Dividends from subsidiary bank									24,015	42,008	103,001
Interest income:
Interest income from subsidiary bank									4	5	5
Other income									52	92	160
Total income									24,071	42,105	103,166
Expense:
Interest on long-term debt									2,095	2,453	4,338
Other expenses									1,293	2,599	1,617
Total expenses									3,388	5,052	5,955
Income before income taxes and equity in undistributed income of subsidiaries									20,683	37,053	97,211
Income tax expense									(690)	(1,289)	(1,261)
Income before equity in undistributed income of subsidiaries									21,373	38,342	98,472
Equity in undistributed income (loss) of subsidiary bank									15,900	19,980	(38,986)
Net income									$ 37,273	$ 58,322	$ 59,486

PARENT COMPANY AND REGULATORY_6

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 14,197	$ 14,554	$ 13,534	$ 16,037	$ 37,273	$ 58,322	$ 59,486
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income tax benefit									(13,087)	(3,965)	7,874
Share-based compensation expense									3,231	2,735	2,778
Net Cash Provided by (Used in) Investing Activities [Abstract]
Contributions to subsidiary bank									(46,750)	0	0
Distributions from unconsolidated subsidiaries									330	246	685
Cash flows from financing activities
Net proceeds from issuance of common stock and stock option exercises									0	151	0
Net proceeds from subordinated debt									53,838	0	0
Proceeds from long-term debt									115,944	20,619	20,619
Repurchases of common stock									(4,749)	(22,793)	(32,824)
Dividends paid									(25,935)	(25,706)	(24,143)
Parent
Cash flows from operating activities
Net income									37,273	58,322	59,486
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income tax benefit									2,552	3,055	450
Net change in dividends receivable from subsidiary bank									0	21,004	(21,004)
Equity in undistributed loss (income) of subsidiary bank									(15,900)	(19,980)	38,986
Share-based compensation expense									3,231	2,735	2,778
Other, net									(3,010)	(2,900)	(920)
Net cash provided by operating activities									24,146	62,236	79,776
Net Cash Provided by (Used in) Investing Activities [Abstract]
Distributions from unconsolidated subsidiaries									0	622	622
Net cash provided by (used in) investing activities									(46,750)	622	622
Cash flows from financing activities
Net proceeds from issuance of common stock and stock option exercises									0	151	0
Proceeds from long-term debt									0	20,619	20,619
Repurchases of common stock									(4,749)	(22,793)	(32,824)
Dividends paid									(25,935)	(25,706)	(24,143)
Net cash provided by financing activities									23,154	(68,967)	(77,586)
Net increase (decrease) in cash and cash equivalents									550	(6,109)	2,812
At beginning of year				$ 10,634				$ 16,743	10,634	16,743
At end of year	$ 11,184				$ 10,634				$ 11,184	$ 10,634	$ 16,743

UNAUDITED QUARTERLY FINANCIAL_3

UNAUDITED QUARTERLY FINANCIAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Total interest income	$ 53,901	$ 51,753	$ 52,950	$ 53,814	$ 55,157	$ 53,980	$ 54,105	$ 53,141	$ 212,418	$ 216,383	$ 198,294
Total interest expense	2,427	2,633	3,691	5,984	7,223	8,331	8,727	8,028	14,735	32,309	25,296
Net interest income	51,474	49,120	49,259	47,830	47,934	45,649	45,378	45,113	197,683	184,074	172,998
Provision (credit) for loan and lease losses	4,496	14,652	10,640	9,329	2,098	1,532	1,404	1,283	39,117	6,317	(1,124)
Net interest income after provision for credit losses	46,978	34,468	38,619	38,501	45,836	44,117	43,974	43,830	158,566	177,757	174,122
Other operating income	14,057	11,563	10,692	8,886	9,768	10,266	10,094	11,673	45,198	41,801	38,804
Other operating expense	45,092	36,972	36,427	36,240	36,242	34,934	36,107	34,348	154,731	141,631	134,682
Income before income taxes	15,943	9,059	12,884	11,147	19,362	19,449	17,961	21,155	49,033	77,927	78,244
Income tax expense	3,772	2,200	2,967	2,821	5,165	4,895	4,427	5,118	11,760	19,605	18,758
Net income	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 14,197	$ 14,554	$ 13,534	$ 16,037	$ 37,273	$ 58,322	$ 59,486
Basic earnings per share (in dollars per share)	$ 0.43	$ 0.24	$ 0.35	$ 0.30	$ 0.50	$ 0.51	$ 0.47	$ 0.56	$ 1.33	$ 2.05	$ 2.02
Diluted earnings per share (in dollars per share)	0.43	0.24	0.35	0.29	0.50	0.51	0.47	0.55	1.32	2.03	2.01
Cash dividends declared (in dollars per share)	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.21	$ 0.92	$ 0.90	$ 0.82
Return on average assets (ROA)	0.74%	0.42%	0.61%	0.55%	0.95%	0.99%	0.92%	1.10%	0.58%	0.99%
Return on average equity (ROE)	8.87%	4.99%	7.34%	6.21%	10.70%	11.11%	10.73%	12.97%	6.85%	11.36%
Efficiency Ratio	68.81%	60.93%	60.76%	63.90%	62.81%	62.48%	65.09%	60.49%	63.71%	62.70%
Net Interest Margin	3.32%	3.19%	3.26%	3.43%	3.43%	3.30%	3.33%	3.34%	3.30%	3.35%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	Jan. 31, 2021	Jan. 31, 2020
Subsequent events
Authorized amount repurchased common stock		$ 30
Remaining amount available for repurchase		$ 19.8
Subsequent Event
Subsequent events
Authorized amount repurchased common stock	$ 25